Press & News
Stryker Announces Definitive Agreement to Acquire Patient Safety Technologies, Inc. for $120 Million
Stryker announced a definitive agreement to acquire Patient Safety Technologies, Inc. (PSTX) for $2.22 per share, with an aggregate purchase price of $120 million. Patient Safety Technologies conducts its business through its wholly owned subsidiary, SurgiCount Medical, Inc. The company's proprietary Safety-Sponge® System and SurgiCount 360(TM) compliance software help prevent Retained Foreign Objects (RFOs) in the operating room, thereby improving patient safety and reducing healthcare costs. The System includes bar-coded surgical sponges and towels, an integrated barcode scanner, and compliance tracking software. 2013 actual revenue through nine months are $14.9 million.
Stryker Receives FDA Clearance for Waste Management System
Stryker announced that its Instruments division has received 510(k) clearance for the Neptune 2 Waste Management System from the U.S. Food and Drug Administration (FDA). The Neptune 2 Waste Management System minimizes risk to healthcare workers by eliminating harmful exposure to fluids and smoke in the operating room. This constantly closed system collects and disposes of surgical waste without operator assistance to prevent contact with infectious fluids and surgical plumes.
Stryker Completes Acquisition of MAKO Surgical Corp.
Stryker announced the completion of its previously announced acquisition of MAKO Surgical Corp., a pioneer in the advancement of robotic arm assisted surgery in orthopaedics. "We're excited to welcome MAKO into our organization and combine their expertise in robotic arm assisted surgery with Stryker's innovations in joint reconstruction to further advance the growth of this compelling technology. The long-term potential offered by this technology platform holds the promise of transforming reconstructive surgery, increasing patient satisfaction and enhancing the experience for surgeons and hospitals," said Kevin A. Lobo, President and Chief Executive Officer.
STRYKER DESIGNATES BORGESS BONE & JOINT INSTITUTE AS CENTER FOR ADVANCED RECOVERY FACILITY
Stryker named the Borgess Bone and Joint Institute in Kalamazoo, MI a “Center for Advanced Recovery” facility for Joint Replacement. This performance-based designation recognizes subspecialty orthopaedic programs that have established superior outcomes and continuous improvement in clinical parameters, operational and financial measures, and patient experience. It is a result of the partnership between Borgess and Stryker’s Performance Solutions division, which assists health care providers in meeting the clinical, operational and financial objectives of their Orthopedic Service Line through proven implementation and advisory services.
IMRIS and Stryker are working to combine efforts to offer auto-registration with surgical navigation in VISIUS iCT & iMRI surgical theaters
Workflow will be streamlined in navigated spinal and cranial procedures performed in advanced intraoperative imaging suites IMRIS Inc. ("IMRIS") and Stryker Corporation ("Stryker") today announced a non-exclusive collaboration between Stryker's automatic image registration for spinal and cranial navigated procedures and VISIUS® iCT and VISIUS iMRI surgical suites from IMRIS. "Having these tools work together is an exciting opportunity for surgeons utilizing intraoperative CT and MRI in our VISIUS® Surgical Theatres. This open platform collaboration aligns squarely with our goal of providing state-of-the-art imaging at the point of therapy," said Jay D. Miller, IMRIS President and CEO. "We are excited to partner with IMRIS to bring streamlined surgical solutions into integrated CT and MRI capable operating rooms. IMRIS shares our open platform philosophy and we believe that through this partnership we will improve the surgeon experience," said Jim Marucci, Stryker Navigation General Manager.
EIZO and Stryker Announce Partnership in Integrated Large Monitor Management Systems for Operating Rooms
EIZO Corporation and Stryker Corporation have announced their partnership to offer customers integrated large monitor management systems suitable for use in standard and hybrid operating rooms. As a result of this partnership, EIZO will provide large monitors that can display multiple video sources simultaneously in conjunction with Stryker integrated operating suites.
Stryker Announces Definitive Agreement to Acquire MAKO Surgical Corp. for $1.65 Billion
Stryker announced a definitive agreement to acquire MAKO Surgical Corp. with an aggregate purchase price of approximately $1.65 billion. Founded in 2004, MAKO has pioneered the advancement of robotic assisted surgery in orthopedics. MAKO currently markets the RIO® Robotic Arm Interactive Orthopedic System and RESTORIS® family of implants to enable its flagship MAKOplasty Partial Knee Resurfacing procedure for the treatment of early to mid stage osteoarthritis. More recently, MAKO expanded its product offering to include the MAKOplasty Total Hip Arthroplasty, a new robotic arm application for patients in need of a total hip replacement. "MAKO has established a compelling technology platform in robotic assisted surgery which we believe has considerable long term potential in joint reconstruction," said Kevin A. Lobo, President and Chief Executive Officer. "The acquisition of MAKO combined with Stryker's strong history in joint reconstruction, capital equipment (operating room integration and surgical navigation) and surgical instruments will help further advance the growth of robotic assisted surgery. Our combined expertise offers the potential to simplify joint reconstruction procedures, reduce variability and enhance the surgeon and patient experience. We look forward to welcoming the MAKO team to Stryker."
Hal Sutton Becomes Spokesperson for Stryker Orthopaedics
Hal Sutton continues Golf career on Champions Tour after total hip replacement surgery with Stryker’s Mobile Bearing Hip™ System. Stryker Corporation’s Orthopaedics Division today announced that Hal Sutton, professional golfer and PGA Tour Champion (1983), has become a spokesperson for the company and will help educate consumers about hip replacement surgery. A 32-year veteran of the sport and current member of the Champions Tour, Sutton underwent a total hip replacement and received Stryker’s Mobile Bearing Hip in October 2012.
Reflections on the State of Health Care Sustainability
Stryker’s Sustainability Solutions President, Brian White is interviewed by publication DOTmednews. Being in the business of third-party SUD reprocessing, Stryker has long been involved in helping support the advancement of hospital sustainability initiatives. In the early days, sustainability in health care wasn’t easy — it required substantial investment and lacked the visibility provided by other initiatives within the hospital. Thanks, in part, to organizations like Practice Greenhealth and the dedication of forward-thinking health systems and suppliers, there has been a dramatic shift in attitudes toward economic and environmental stewardship. Today, health care sustainability is a top priority for most leading hospitals and health systems. Many of the initiatives being pursued, including reprocessing, are helping providers contain costs. Read the full article at DOTmed.com.
A Graves New World In Healthcare?
With the launch of Stryker's new Prime TC wheelchair last week, the creative partnership of medical technology company Stryker and architect Michael Graves took the next step in Graves’ mission to improve healthcare design. The Prime TC certainly looks “Gravesian”—simple lines, rounded forms, almost playful (if you can say that about a wheelchair). The chair is designed to be more comfortable and user-friendly, as well as very durable. Graves and Stryker kicked off their partnership with an announcement at the 2009 Healthcare Design Conference, where Graves delivered a keynote that included his assessment of the healthcare facility landscape in the aftermath of an infection that left him paralyzed from the chest down in 2003. Kudos to Graves for continuing his mission—and kudos to the countless other architects, designers, and owners doing the same. Read the full article in HealthCare Design.
Stryker Receives Top Supplier Awards from Novation
Stryker’s Sustainability Solutions division announced it received two prestigious awards from the group purchasing organization Novation for supplier excellence. Novation named Stryker’s reprocessing division Purchased Services Supplier of the Year and presented it with top honors in the category of Environmental Excellence. Stryker provided single-use medical device reprocessing and remanufacturing services to over 680 members served by Novation in 2012, helping them realize a total of $75 million in supply cost savings and divert over 2.3 million pounds of medical waste from landfills.
Maximize Your Reprocessing Program
American Nurse Today features an article by Caryn Humphrey RN, BSN, MBA and Product Manager at Stryker's Sustainabilty Solutions. One way to safely generate cost savings with almost no up-front investment and minimal disruption to operations is through a third-party reprocessing program. Third-party reprocessors are regulated by the U.S. Food and Drug Administration (FDA) and held to the same standards as original equipment manufacturers of single-use medical devices (SUD). A reprocessed SUD is an original device that has previously been used on a patient and has been subjected to additional processing and manufacturing for the purpose of an additional single-use on a patient. Reprocessed SUDs are cleaned, remanufactured, sterilized, and repackaged for re-use. With FDA oversight of reprocessing standards, acceptance of high-quality reprocessed medical devices has increased significantly. To maximize effectiveness and to ensure your third-party reprocessing program provides the most benefits, suggestions are given in this article.
Optimize Your Reprocessing Program For Better Results - Stryker's Sustainability Solutions
Over the past two decades, reprocessing has transitioned from an emerging trend in healthcare to a widely regarded, increasingly standard practice in hospitals across the nation. In the future, the prevalence of reprocessing programs will continue to grow. More hospitals will implement—and refine—programs of their own to reduce costs and reallocate funds to support quality of care initiatives. Many of the best hospitals in the country reprocess, including the majority of the U.S. News & WorldReport “Honor Roll Hospitals,” and have realized significant savings as a result. Reprocessing has gained popularity as a preeminent sustainability initiative for numerous reasons. First and foremost, there is a high level of confidence in the safety and efficacy of reprocessed single-use devices (SUDs). They undergo a rigorous process of testing and inspection to ensure substantially equivalent performance to the original device, while adhering to FDA regulated manufacturing process controls. Second, a reprocessing program can provide significant cost-savings that enable healthcare institutions to stretch limited financial resources. Supply cost savings from reprocessing allows hospital administrators to redirect funds toward initiatives that could improve patient care, such as hiring healthcare providers or purchasing new technologies that improve clinical outcomes. Read more about reprocessing in Surgical Products publication featuring Brian White, Stryker's Sustainability Solutions President.
BroadcastMed Launches Stryker Endoscopy Education Channel
ORLive.com, BroadcastMed’s surgical broadcasting website, is proud to present the launch of Stryker Endoscopy’s Video Education Channel. Stryker Endoscopy’s Educational Channel will feature endoscopic training programs in gynecology, orthopaedics, and general surgery. Highlighted procedures include a MiniLap Hysterectomy, a Hip Arthroscopy, and a MiniLap Cholecystectomy. In addition, a Training Calendar is available to view all upcoming Stryker training opportunities. Stryker’s innovative endoscopy equipment has set a new standard in the operating room. Stryker was the first to combine voice activation, infrared technology and high-definition video to give surgeons greater control and patients better outcomes. Their intuitive, ergonomic endoscopy tools make surgery easier and more efficient than ever before.
PGA Tour Champion Fred Funk Partners with Stryker and Fisher House Foundation
Stryker announces a new program that supports our nation’s military families through the purchase of the Stryker hat Fred Funk wears on Tour with 100% of the net proceeds going to charity. Fred Funk, one of the most recognizable names and personalities in professional golf, is partnering with Stryker and Fisher House Foundation to help support our military families by making the same Stryker GetAroundKnee™ hat that he wears on tour available for golf fans. For every hat purchased Stryker will donate 100% of the net proceeds directly to the Fisher House Foundation to support our injured or sick military veterans and their families. Fisher House is a non-profit organization that provides a home away from home that enables family members to be close to a loved one during hospitalization for an illness, disease or injury. Hats may be purchased by visiting www.getaroundknee.com or at this link.
Stryker Announces the Launch of the ES2™ Spinal System
Stryker announces the launch of the ES2 Spinal System. The ES2 system is built on Stryker’s trusted Xia 3 pedicle screw technology, which has been used in approximately 500,000 cases worldwide. ES2’s streamlined implant and instrument design allows for one-step, percutaneous placement of the screw and retractor, providing surgeons with the efficiency, simplicity and security they desire during minimally invasive procedures. Dr. Jeffrey Roh, Orthopedic Surgeon and Director of the Seattle Minimally Invasive Spine Center in Seattle, Washington, commented that, “the ES2 implant has built-in reduction capabilities, integrated blades and an anatomically designed thread pattern that has given me a well-rounded system to use in MIS cases. With ES2, I am confident that my patients are receiving the highest quality products that allow me to provide excellent outcomes both during and after their surgery.”
Stryker Introduces the ICONIX™ All Suture Anchor Platform
Stryker announces the launch of the ICONIX™ a new all suture technology that offers a sophisticated approach to shoulder and hip Arthroscopy procedures. The all suture based system allows for less bone removal during pilot hole creation without compromising pull-out strength. The innovative design is truly the first of its kind.
Stryker Launches the Universal SMARTLock™ Hybrid MMF System
Stryker announces the global commercial launch of the Universal SMARTLock™ Hybrid MMF system. The Universal SMARTLock™ Hybrid MMF system combines elements of both arch bars and MMF screws in an effort to bring the standard of care for maxillomandibular fixation (MMF) techniques into the 21st century. In collaboration with inventor Jeffrey R. Marcus, MD, FAAP, FACS, Associate Vice-Chair of Surgery at Duke University, the Universal SMARTLock™ Hybrid MMF system is designed to combine the strength and rigidity of arch bars with the safety and efficiency of MMF screws. “The Universal SMARTLock™ Hybrid MMF system is easy to apply, comfortable for the patients, and can impressively increase a surgeon’s efficiency,” said Michael D. Turner, DDS MD FACS, Associate Director of Oral & Maxillofacial surgery at Beth Israel and Jacobi Medical Center.
Stryker Completes Acquisition of Trauson Holdings Company Limited
Stryker completes its previously announced voluntary general offer to acquire Trauson Holdings Company Limited (Trauson). Trauson is the leading trauma manufacturer in China and a major competitor in the spine segment. "With the acquisition of Trauson, we are well positioned to broaden our presence in China and to expand into the fast growing value segment of the emerging markets. We look forward to building on the company's long history of success," said Kevin A. Lobo, President and Chief Executive Officer. h in China and other emerging markets for years to come,” said Kevin A. Lobo, President and Chief Executive Officer.
Stryker announces offer to acquire Trauson Holdings Company Limited
Stryker will make a voluntary general offer to acquire all the shares of Trauson, the leading trauma manufacturer in China and a major competitor in the spine segment. With this acquisition, Stryker will expand its presence in a key emerging market with a product portfolio and pipeline that is targeted at the large and fast growing value segment of the Chinese orthopaedic market. “The acquisition of a leading player in the Chinese trauma and spine market underscores our commitment to strengthening our presence globally. With its research and development expertise, manufacturing capabilities and strength of its distribution network, Trauson is a compelling opportunity for Stryker to drive growth in China and other emerging markets for years to come,” said Kevin A. Lobo, President and Chief Executive Officer.
Hospital bed manufacturers tackle safety and comfort concerns - New technology helps patients rest easy
Major hospital bed manufacturers, including Stryker, offer beds that communicate with health care information systems and have plans for further advancements. Stryker’s solutions include beds with an open platform, wired or wireless options, scalable architecture for future upgrades and the ability to integrate into existing systems. Stryker also delivered the IsoGel Air system to the market. The system provides pressure redistribution and shear management, decreasing the chance for some of the common ailments impacting bed-ridden patients, like pressure ulcers or bed sores. Read the full story in the article on DOTmed Business News.
Single-use device reprocessing: A rapidly expanding industry, saving money
Reprocessed devices typically cost 50 percent less than new devices. Some hospitals can save as much as $600,000 annually, according to Brian White, president of Stryker Sustainability Solutions. Read the full story about single-use device reprocessing in this article on DOTmed Business News.
Stryker announces BREEAM certification for Venlo, Netherlands, distribution center and Stryker's United Kingdom office in Newbury, Berkshire
Two Stryker facilities were recently awarded the BREEAM certification. Our Venlo distribution center in the Netherlands received a "very good" rating, while our new Stryker U.K. facility in Newbury received an "excellent" rating. BREEAM is the world's foremost environmental assessment method and rating system for buildings. BREEAM sets the standard for best practice in sustainable building design, construction and operation and has become one of the most comprehensive and widely recognized measures of a building's environmental performance. A BREEAM assessment uses recognized measures of performance, which are set against established benchmarks, to evaluate a building’s specification, design, construction and use. The measures used represent a broad range of categories and criteria from energy to ecology. They include aspects related to energy and water use, the internal environment (health and well-being), pollution, transport, materials, waste, ecology and management processes.
West Michigan Businesses Support American Red Cross
Stryker named as major corporate partner to Hurricane Sandy Relief Efforts. The Red Cross of West Michigan is extremely grateful for the generosity of these businesses that are based in our region,” said Cheryl Bremer, Regional CEO of the Red Cross of West Michigan. “Their support is critical to our ability to provide food, shelter, relief supplies and comfort for thousands of people who have been impacted by Hurricane Sandy and other related storms.”
Stryker Launches Mini Mobile Training Center at The Seventh International Congress of Chinese Orthopaedic Association 2012 (COA) – Beijing, China
Stryker announces the launch of a mini version of its Mobile Training Center (MTC mini) at The Seventh International Congress of Chinese Orthopaedic Association taking place in Beijing, China. Stryker successfully launched the first China Mobile Training Center (MTC) last year in order to provide medical technology training solutions to healthcare providers. The new MTC mini will broaden access into more cities in China and increase training opportunities for customers. The MTC mini will feature the latest Stryker products and instrumentation and enables hands-on practices and procedural training.
Healthcare Purchasing News - Your Third-Party Device Reprocessor: Critical to Program Success
Stryker Sustainability Solutions President, Brian White, discusses how the ideal reprocessor is the one that operates within a framework that emphasizes education, promotion, integration, and continuous supporter.
Stryker Launches Next Generation Trevo® ProVue™ Retrieval System
Stryker announces the global commercial launch of the new Trevo® ProVue™ Retriever. The World’s First Fully Visible Stent Retriever Device to Treat Acute Ischemic Stroke Expands Stryker’s Commitment to Complete Stroke Care. The Trevo ProVue Retriever is the first clot removal device fully visible during the procedure for precise positioning within the clot and optimized clot retrieval in patients experiencing acute ischemic stroke. Previous technology only provided visibility to the edges of the device. “Trevo ProVue Retriever’s full visibility provides a significant clinical benefit.” said Professor Liebig, M.D., Head of Neuroradiology, University Hospital of Cologne in Cologne, Germany. “I am impressed with how full device visibility provides more information during the procedure to quickly and easily position the device and enables real-time feedback for a new level of confidence to open blood vessels.”
David K. Floyd joins Stryker as Group President, Orthopaedics
Stryker announces the appointment of David K. Floyd to the role of Group President, Orthopaedics, effective November 15, 2012. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities, Joint Preservation, Orthobiologics and Performance Solutions businesses. Mr. Floyd will report to Kevin A. Lobo, President and Chief Executive Officer of Stryker.
Stryker Completes Acquisition of Privately-Held Surpass Medical, Ltd
Stryker announces the closing of its previously announced acquisition of privately-held Surpass Medical, Ltd. (Surpass). Surpass is developing and commercializing the NeuroEndoGraft family of next-generation flow diversion stent technology to treat brain aneurysms using a unique mesh design and delivery system. "With the acquisition of Surpass Medical we are continuing to expand our global product portfolio in the fast growing and highly innovative neurovascular market by offering patients and caregivers differentiated products focused on Complete Stroke Care," said Kevin A. Lobo, President and Chief Executive Officer.
Stryker Announces Definitive Agreement to Acquire Privately-Held Surpass Medical, Ltd. for $135 Million
Stryker announced a definitive agreement to acquire privately-held Surpass Medical, Ltd. Headquartered in Tel Aviv, Israel, with manufacturing and R&D in Miramar, Florida, Surpass is developing and commercializing next-generation flow diversion stent technology to treat brain aneurysms using a unique mesh design and delivery system. Surpass' key product, the NeuroEndoGraft family of flow diverters, is designed to redirect blood flow away from an aneurysm, allowing a stable clot to be formed within the aneurysm pouch.
Stryker Launches Revolutionary Computer Assisted Surgery Technology for Hip Fractures
Stryker announced that it has launched a revolutionary computer assisted surgery system, Stryker ADAPT™ for the Gamma3™ Locking Nail System. Gamma3 nails are used to treat hip fractures, which are breaks in the upper end of the femur (the thighbone). "We are pleased to offer the ADAPT/Gamma3 technology which assists surgeons to more accurately position the lag screw, with no significant difference in procedure time," said Jim Bruty, Senior Director of Marketing, Stryker Navigation. "In addition, the number of x-ray images taken during the procedure can be reduced, which could potentially reduce the radiation exposure for the patient and the operating room staff."
Stryker Names Kevin A. Lobo as President and Chief Executive Officer
Stryker Corporation's (NYSE:SYK) Board of Directors announced today that Kevin A. Lobo has been named the Company's President and Chief Executive Officer, effective immediately. He has also been named to the Company's Board of Directors. Mr. Lobo joined Stryker in April 2011, and was most recently Group President of Stryker Orthopaedics. Orthopaedics includes the Company's Reconstructive, Osteosynthesis, Joint Preservation, Orthobiologics and Performance Solutions businesses.
Stroke Rate Increasing Among Younger People - Trevo Device from Stryker Used to Treat New Jersey Patient
Doctors have a new device option to treat stroke patients. At Capital Health in New Jersey, they are using one called Trevo from Stryker. Doctors thread a catheter right to the clot, and unlike other similar devices, this one restores blood flow to the brain right away. Within hours after treatment, this patient was able to move and talk..watch the video.
Trevo Versus Merci Retrievers for Thrombectomy Revascularisation of Large Vessel Occlusions in Acute Ischaemic Stroke (TREVO 2): A Randomised Trial
Read about the study of the randomized trial that was held between Feb 3, 2011, and Dec 1, 2011, where we randomly assigned 88 patients to the Trevo Retriever group and 90 patients to Merci Retriever group. 76 (86%) patients in the Trevo group and 54 (60%) in the Merci group met the primary endpoint after the assigned device was used (odds ratio 4•22, 95% CI 2•01—8•86; psuperiority<0•0001). Incidence of the primary safety endpoint did not differ between groups (13 [15%] patients in the Trevo group vs 21 [23%] in the Merci group; p=0•1826).
Stryker Announces FDA Clearance of the Trevo® Pro Retrieval System
Next generation clot removal technology provides physicians with a powerful new tool to treat acute ischemic stroke. Stryker Neurovascular's Trevo® Pro Retriever has been granted 510(k) market clearance by the U.S. Food and Drug Administration.
Capital Health First in Country to Use New Stroke Retrieval Device
Capital Health Regional Medical Center became the first hospital in the country to treat a stroke patient using Trevo™ following its approval by the FDA. The device was used by Capital Health cerebrovascular and endovascular neurosurgeon, Dr. Erol Veznedaroglu, and restores blood flow to the brain faster.
Stryker Initiates Voluntary Product Recall of Modular-Neck Stems
Stryker has voluntarily recalled its Rejuvenate and ABG II modular-neck stems. Modular-neck stems provide surgeons with an option to correct certain aspects of a patient's anatomy and hip biomechanics, but given the potential risks associated with fretting and corrosion at the modular neck junction, Stryker Orthopaedics decided to take this voluntary action.
Stryker Announces Positive Clinical Results from the Trevo® Retreiver System
Study results show significantly improved revascularization over previous devices, marking an advancement for technology used in acute stroke care. The study met the primary effectiveness endpoint, with the Trevo® Retriever achieving significantly better post-device revascularization than the Merci® Retriever (86.4% in the Trevo® Retriever arm compared to 60% in the Merci® Retriever arm). The results of the TREVO 2 trial are consistent with the earlier TREVO trial, which was conducted in Europe and presented at the International Stroke Congress in February.
Reprocessing Programs have Become a Favored Practice Among Leading Hospitals Across the Nation
Many hospitals have recognized that reprocessing single-use devices (SUDs) is a proven solution with tangible fiscal and environmental benefits to help address the resource management challenges they face. Reprocessing programs have become a favored practice among leading hospitals across the nation, including all 17 U.S. News & World Report "Honor Roll" hospitals. However, there is more to reprocessing than simply having a program in place. One of the most critical aspects of a reprocessing program is selecting the right partner.
Sustainability Solutions Launches Restep
Stryker's Sustainability Solutions division recently announced the launch of Restep, our new deep vein thrombosis (DVT) prevention system. The system is used for the prevention of deep vein thrombosis in patients that are at risk for clot formation.
Society of Brain Mapping and Therapeutics (SBMT) to honor Top Scientists from US, Canada, Australia, Member of the Canadian Parliament and Stryker Orthopaedics Group President, Kevin Lobo
Pioneer Awards will be presented at The Gala of Brain Mapping Foundation on June 1, 2012 in Toronto. Kevin Lobo, Orthopedics Group President, will be accepting a Pioneer in Technology Development award from the Society on behalf of Stryker, who has contributed to the introduction of new devices, technologies and significantly contributed to therapies of neurological disorders. The Pioneer in Technology Award is presented to trailblazing companies and their CEOs/presidents who have facilitated the development of pioneering technologies through interdisciplinary approaches that have impacted diagnostics, treatment, and healthcare delivery in unprecedented ways.
EMS Products Showcased at Pre-hospital Conference
A sampling of Stryker’s EMS products was recently featured at the first ever Cape & Coast Prehospital Conference in Marion, Massachusetts, U.S. The conference gave vendors and recruiters in the medical, police, fire, security and military industries a chance to highlight the opportunities found in the region’s emergency medical care industry.
Stryker Launches Next Generation Heavy Duty Surgical Power Tools
Stryker announced the release of System 7 – the next generation of heavy duty surgical power tools for use in total joint procedures, such as hip and knee replacements. System 7 offers the latest in advanced cutting technology, resulting in the most dependable and highest performing power tool system ever from Stryker. Stryker was the first to market with cordless heavy duty power tools in 1982, and has built a 30 year legacy of quality and innovation, resulting in the introduction of System 7 – a precise and reliable solution for surgeons and hospitals.
Keep it Simple: Michael Graves and Medical Designs for Stryker Make Sense for Patients
The Huffington Post recently spotlighted Michael Graves, the well known architect and designer, and his groundbreaking hospital furniture designs, which are manufactured by Stryker’s Medical division. According to the Post, the two newly designed tables from Graves “make sense for a patient's room. They take into account the need for patients to have two surfaces – one for when the meal tray is brought in, the other for personal items – a drawer that opens on both sides of the cart, a plastic drawer with a lid that the patient can take home with them, and an attached litter bin.” It all adds up to a better hospital stay for the patient. Find out more about Michael Graves’ designs for Medical.
Medical Device Titans on Healthcare Reform
In this live interview from the J.P. Morgan Healthcare Conference in San Francisco, Chairman, President and CEO Steve MacMillan discusses how the Patient Protection and Affordable Care Act’s new 2.3 percent tax on medical device makers is impacting business.
Boosting Engagement at Stryker
Gallup Management Journal published an article which highlights the change in culture at Stryker’s Orthopaedics division in Mahwah, NJ. Read how Sabine Krummel-Mihajlovic’s dedicated role improved the employee engagement level of Mahwah employees from 48% to 57% in less than a year.
Stryker Donates Products to Operation Walk USA 2011
The American Academy of Orthopaedic Surgeons (AAOS) announced that 58 orthopaedic surgeons will provide free hip and knee replacement surgery to more than 85 patients at 25 hospitals, in 16 different states, over a two-day span this December for Operation Walk USA 2011, an international effort that has improved the lives and mobility of more than 6,000 patients worldwide. Stryker is among the device manufacturers to donate the hip and knee implants.
Stryker Endoscopy Partners with MedShare to Donate Surplus Medical Equipment to Developing Countries
MedShare is an Atlanta-based nonprofit that recovers medical supplies from hospitals and manufacturers and sends them to underserved healthcare facilities in developing countries. This partnership is part of Stryker’s corporate social responsibility initiative to provide life-enhancing products and work with healthcare providers in innovative ways that help them restore health to their patients and advance sustainable change to improve the quality of patient care.
Communications Named a Top Place to Work
Stryker’s Communications business in Flower Mound, Texas, was named #26 on The Dallas Morning News’ list of the Top 100 Places to Work 2011 in the Dallas-Fort Worth area in the midsize company category.
MedReps.com Names Stryker as one of the Best Places to Work in Healthcare Sales
MedReps.com named Stryker in the top three of The Best Places to Work in Healthcare Sales in 2011. In it’s first survey, MedReps.com cited Stryker as company job seekers would most like to work for. As an ideal employer, current Stryker employees confirmed that it is a great place to work—read the quotes.
Business Review West Michigan Awards Stryker 2011 Deals of the Year Award
Business Review West Michigan recently presented Stryker with a “Deals of the Year” award in the “Mergers and Acquisitions” category for the acquisition of Boston Scientific’s Neurovascular division. Stryker was also honored as a finalist in the “Commercial Real Estate” category for the work on the lease of our new building on Romence Road in Portage, MI. Find out more about all of the finalists and awards. The award recognizes the most significant deals in the Western Michigan region in the past 12 months in a variety of categories.
The Health of Stryker – Steve MacMillan Featured on CNBC
Chairman, President & CEO Steve MacMillan was recently interviewed by CNBC at the AdvaMed 2011 annual conference in Washington, D.C. He discussed the impact of the global economic environment on Stryker and the medical technology industry.
Stryker Sustainability Solutions Supports Practice Greenhealth’s ‘Greening the Supply Chain™’
Stryker Sustainability Solutions announced it is sponsoring Practice Greenhealth’s new Greening the Supply Chain™ Initiative. The Initiative engages businesses in meeting the emerging demand for more environmentally preferable purchasing (EPP) practices for products within healthcare facilities, GPOs and in the marketplace. “Stryker Sustainability Solutions is a strong partner because of their work to advance awareness of how supply chain efficiency is critical to achieving real change for the challenges facing healthcare,” said Bob Jarboe, executive vice president of Business Development, Practice Greenhealth.
Sustainability Solutions That Work: How to Achieve Optimal Reprocessing Results
In an article in Infection Control Today, Senior Director of Marketing & Public Affairs Lars Thording highlights solutions to help healthcare providers and suppliers reduce healthcare costs without compromising the delivery of care. He suggests that hospitals must devise and execute long-term, fully integrated sustainability proven solutions to address these challenges.
Stryker Sustainability Solutions joins Environmentally Preferable Purchasing (EPP) Business Leadership Coalition
Practice Greenhealth has announced that ten business organizations have become the charter members of the EPP Business Leadership Coalition. Stryker Sustainability Solutions again takes leadership and joins the first coalition of Green Purchasing. "To create an efficient healthcare supply chain, key systemic changes are needed to help hospitals understand how to better manage financial and environmental resources," said Lars Thording, Stryker Sustainability Solutions' senior director of marketing and public affairs. The EPP Business Leadership Coalition is an integral part of Practice Greenhealth’s Greening the Supply Chain™ Initiative – a broad coalition uniting suppliers, group purchasing organizations, health care systems and hospitals seeking to expand on available resources and meet the growing demand for more EPP practices, products and services.
Stryker Sustainability Solutions Reprocessing Program Savings Potential
Stryker Sustainability Solutions is referenced in this EP Lab Digest article, Sustainability Strategies at Piedmont Hospital: Ten Years of Reprocessing Success in the Electrophysiology(EP) Lab. In this article Piedmont Hospital shares the ten strategies that have contributed to Piedmont’s success and offers a roadmap for maximizing reprocessing programs. According to Stryker Sustainability Solutions, a new EP lab that begins a reprocessing program today can expect to save between $25,000 and $50,000 in its first year. After three years, potential annual savings can reach $150,000 or more in annual savings.
Research and Development Projects for Orthopaedic and Spine Devices
Stryker recently announced a partnership with OrthoSensor to study the company's technology with the Triathlon Knee. The OrthoSensor Knee Trial is an intelligent trial that provides quantitative, intra-operative feedback to surgeons to optimize joint balance during total knee arthroplasty.
Red Tape Hurting Innovation
Chairman, President & CEO Stephen MacMillan was interviewed on Fox Business News and discusses heightening regulations in the U.S.
Stryker Announces Definitive Agreement to Acquire Privately Held Concentric Medical
Stryker Corporation announced a definitive agreement to acquire privately held Concentric Medical, Inc., a manufacturer of minimally invasive products for the treatment of acute ischemic stroke (AIS).
Stryker Appoints Ramesh Subrahmanian to Group President, International
Stryker Corporation announced the appointment of Ramesh Subrahmanian, Group President International. Mr. Subrahmanian has over 23 years experience in the pharmaceutical industry, where he held a number of senior level leadership roles.
China Team Launches Mobile Training Center
The Stryker team in China recently announced the launch of a Mobile Training Center (MTC), an innovative solution that will bring hands-on training, product demonstrations and after-sales service to healthcare professionals in small cities and remote locations throughout China.
ShapeMatch Cutting Technology Provides Advantages for Orthopaedic Surgeons
Elton Strauss, MD, an orthopaedic surgeon at Mount Sinai Medical Center, recently discussed his six points on patient-specific knee replacement using Stryker’s ShapeMatch Cutting Guides for use with the Triathlon Total Knee System, predicting that it will become an integral tool for orthopaedic surgeons in the future.
Stryker Co-Sponsors Hands on Orthopaedic Program for Young Women
The University of Delaware’s College of Engineering's outreach program recently hosted a program through which high school junior and senior young women spent a day learning about potential careers in bioengineering and orthopaedics. The event was sponsored in part by Stryker.
Stryker Named a World’s Most Innovative Company
Stryker has been named to Forbes’s list of the world’s 100 Most Innovative Companies, debuting at number 95. This is the first year Forbes has published such a list, making our placement even more exciting.
Coiling is an Excellent Treatment for Both Ruptured and Unruptured Aneurysms
Stryker’s Neurovascular division released the results of its Matrix and Platinum Science (MAPS) Trial during the Society of NeuroInterventional Surgery (SNIS) 8th Annual Meeting in Colorado Springs on July 27. The MAPS Trial establishes a new standard for the measurement of aneurysm treatment success, target aneurysm recurrence rate (TAR), and proves that coiling is an excellent treatment for both ruptured and unruptured aneurysms.
AAOS Wins 2011 Take Pride in America Award
In a special ceremony at the White House, representatives from the American Academy of Orthopaedic Surgeons (AAOS) accepted the U.S. Department of the Interior’s prestigious National Volunteer Award — Non-Profit Organization in the 2011 Take Pride in America Awards.
Steve MacMillan Featured on Fox Business News
Stryker Chairman, President and CEO Steve MacMillan was recently featured on Fox Business News to discuss the company’s growth and advances in healthcare technology in a difficult economic climate.
Stryker Announces Exclusive Collaboration with Regen Lab
Stryker has entered into an exclusive collaboration with Regen Lab SA to distribute Stryker’s RegenKit-THT, a one-step system designed for the safe and rapid preparation of autologous platelet-rich plasma (A-PRP) from a small sample of blood at the patient’s point of care.
Stryker Expands Interventional Spine Agreement with Novation
Stryker has expanded its contracted product offering with Novation, the healthcare industry’s leading supply contracting company, by adding the new iVAS (inflatable vertebral augmentation system) product line to its national agreement.
Stryker Launches Versitomic G-Lok™
Stryker announced at the 2011 American Orthopaedic Society for Sports Medicine that its new G-Lok implant has joined its comprehensive VersiTomic portfolio for ACL/PCL reconstruction.
Connexall incorporates Stryker technology to create Patient Environment of the Future
To address patient safety risks, Connexall has utilized Stryker's open architecture to deliver wireless smart bed technology that helps hospitals minimize the risks of patient falls.
Endoscopy selected as the #1 Top Workplace for Large Companies in the Bay Area
Our Endoscopy division was selected the #1 Top Workplace for Large Companies in the Bay Area by a recent survey conducted by the San Jose Mercury News.
AdvaMed Unveils Competitiveness Agenda at Stryker’s Medical Division in Portage, Michigan
The Advanced Medical Technology Association released a set of policy recommendations that it hopes will preserve America's position as a leader in medical technology innovation, which it said is threatened by overseas competition and an insufficient regulatory system. Click here to watch a video about the event.
Fred Funk Qualifies for the U.S. Open
Orthopaedics spokesperson Fred Funk, a recipient of a Stryker knee replacement, recently qualified for the U.S. Open.
Stryker Appoints Kevin Lobo to Group President, Orthopaedics
Stryker announced the appointment of Kevin Lobo to the role of Group President, Orthopaedics, effective June 13, 2011.
Stryker Receives FDA 510(K) Clearance for Shapematch® Cutting Guides
Stryker Orthopaedics received FDA 510(k) Clearance for its ShapeMatch Cutting Guides for use with the Company's Triathlon Total Knee System.
Orthopaedic industry struggles won't defeat Stryker, CEO says
Stryker CEO Steve MacMillan recently highlighted the company’s resiliency in the face of a struggling orthopaedic industry.
EndoSheath Cystoscopy Technology Products Introduced by Stryker at Urology Conference
Stryker unveiled the new IDEAL EYES HD Flexible Cystoscopy series at the 106th Annual American Urological Association (AUA) Meeting in Washington D.C. last week.
Stryker to Acquire Orthovita, Inc.
Stryker announced a definitive agreement to acquire Orthovita, Inc., a global developer and manufacturer of orthobiologics and biosurgery products.
Stryker’s Rising Star: Kana Odawara
Kana Odawara, CFO of Stryker's Japan division, was named a Rising Star this year by the Healthcare Businesswomen’s Association (HBA).
Instruments Wins Design Excellence Award for The Mill
Our Instruments division, along with M3 Design, has been awarded the 2011 Medical Design Excellence Award for The Mill.
Stryker Moves Up 10 Spots in the 2011 FORTUNE 500 Rankings
Stryker is now #323 on FORTUNE magazine’s list of top 500 U.S. companies in terms of revenue.
Johnny Bench Visits Orthopaedic Patients
Orthopaedics spokesman and one of baseball’s all-time greatest catchers, Johnny Bench recently visited patients with joint replacements and discussed how they can lead pain-free, active lives again.
Instruments’ Second Annual “Patient, Clinician & You” Gathering Gives Patients a Name and Face
350 Instruments employees recently heard a firsthand testimony from a patient whose life was positively affected by our technology.
Stryker Ranks on Forbes Global Leading Companies List
Stryker was named #606 on the Forbes’ Global 2000 Leading Companies list.
Younger Patient Benefits from Stryker Hip
Dr. Erik Peterson of Avera McKennan Hospital in Sioux Falls, South Dakota used Stryker’s Dual Mobility Total Hip Replacement for the first time on 27-year old Andrew Hoyem in a recent surgery. Hoyem has a condition called osteonecrosis which caused him to need hip replacements at an early age.
Healthcare Needs Rational Debate
Chairman, President & CEO Stephen MacMillan was interviewed on Fox Business News Bulls & Bears and discusses what he would like to hear from President Obama's healthcare reform summit.
Stryker’s Endoscopy Division #9 Best Places to Work in the Bay Area
Stryker’s Endoscopy division ranked in 9th place out of 125 companies in Best Places to Work in the Bay Area 2011 as recognized by The San Francisco Business Times and the Silicon Valley/San Jose Business Journal.
Stryker Receives High Marks in Hip & Knee Innovation
MassDevice reports that the MedPanel Innovation Pulse, a survey of orthopaedic surgeons, shows high marks for Stryker in the hip and knee market innovation.
Local University Students Win Stryker Challenge
Western Michigan University News reports that a team of four Western Michigan University students in electrical and mechanical engineering won the Stryker Challenge, a seven-hour competitive event held in March.
Four Capital Health Hospitals to Start Using Ascent
TheChronicleHerald.ca reports that four hospitals under Capital Health’s purview have recently launched a program with Stryker’s Ascent division.
GHX Names Stryker Supplier of the Year
Global Healthcare Exchange (GHX) recently awarded Stryker the GHXcellence Award for U.S. Healthcare Supplier of the Year for leveraging the power of our supply chains to cut costs, reduce waste and improve business performance. GHX honored 10 healthcare provider and supplier organizations with the GHXcellence Awards.
Stryker’s Canada Division A Great Place To Work
Stryker’s Canada division has once again been named a Great Place to Work by the Great Place to Work Institute. Ranked # 39, Canada is among other great companies on this year’s list of Best Workplaces in Canada, including Starbucks and Microsoft.
Stryker #2 on Becker’s Orthopedic & Spine Review Report
Stryker ranked #2 out of 20 on the Becker’s Orthopedic & Spine Review Report for most profitable orthopaedic and spine device companies in 2010 by revenue and net sales.
Ascent Honored for Lowering the Environmental Footprint of Healthcare
Stryker’s Ascent division has been honored with a Champion for Change Award by Practice Greenhealth. Reserved for a select group of leaders in healthcare sustainability, the award recognizes companies that not only help their customers improve their environmental performance, but also demonstrate significant achievement in ‘greening’ their own organizations.
Michael Graves Praises Stryker
Michael Graves, a designer for Stryker Medical's division, praises Stryker in a recent interview with the New York Times.
Healthy Hospital Award
Ascent: A Stryker Sustainability Solution has given Sharon Regional Health System the Healthy Hospital Award. The "healthy hospital" designation is reserved for hospitals that demonstrate outstanding efforts to reduce their environmental footprint on health care delivery.
Kalamazoo Chamber of Commerce Honors Stryker with Quality Award
Stryker was awarded The Bronson Quality Award by the Kalamazoo Chamber of Commerce in Kalamazoo, Michigan. The award is presented to businesses or organizations in the Kalamazoo area that are striving for excellence.
"One-Stop-Shop" Orthopaedics Program Launches in Hong Kong
The Homer Stryker Center program at the Chinese University of Hong Kong officially launched, providing the latest surgical techniques, technology, clinical practice information and the first "one-stop-shop" orthopaedic training centre in Asia Pacific.
New Online Tool Allows Hospitals to Identify Cost Savings Potential of Reprocessing
Ascent, a division of Stryker, continues its commitment to supporting quality healthcare delivery with the introduction of a new tool that calculates the financial and environmental impact of reprocessing.
The 2010 Annual Review is Available Online
Stryker’s 2010 Annual Review may now be viewed online.
Stryker Named #3 on FORTUNE Magazine's Most Admired List
FORTUNE Magazine named Stryker # 3 on the "World's Most Admired" list for companies in the "Medical and Other Precision Equipment" industry.
Metro Aviation Inc. to include the Stryker MX PRO Ambulance Cot
Helicopter completions specialist, Metro Aviation Inc., has announced the enhancement of their EC145 air medical interior to include the Stryker MX PRO ambulance cot.
Stryker in the UK named a Great Place to Work
Stryker was named a Sunday Times Best Company to Work For in the UK. Over 900 of the UK's most successful businesses entered the competition this year.
Doctor Creates Guideline for Diagnosis of Periprosthetic Joint Infection
Stryker consultant Dr. Javad Parvizi summarizes his recommendations for diagnosing periprosthetic joint infections of the hip and knee.
Stryker in Germany is a Great Place to Work
Stryker in Freiburg was named one of the Best Places to Work in Germany by The Great Place to Work Institute.
Capsule Connects Smart Beds to EMRs
Capsule, the leading provider of medical device connectivity, now supports Stryker’s new wireless smart bed, connecting Electronic Medical Records (EMR) with patient data.
Stryker to Feature Products at AAOS Meeting in February
Stryker's Endoscopy Division plans to exhibit its latest innovations in tissue-preserving hip arthroscopy at the 2011 Annual American Academy of Orthopaedic Surgeons meeting in San Diego, CA, February 15-19, 2011.
Stryker Launches First iPad Apps for Surgeons
Stryker's Orthopaedics division launched its first iPadTM applications for surgeons, available through Apple’s App StoreSM to help them enhance the patient education process and provide easy access to information about products and surgical techniques.
Stryker Implants Have Lowest Revision Rates
Stryker's Orthopaedics division announced the findings of the National Joint Registry for England and Wales, which reports that Stryker’s Trident Cup, Accolade Hip Stem and Triathlon Knee System outperformed all competitive products in terms of revision rates for the most frequently used brands.
PGA Icon Fred Funk Becomes Spokesperson for Orthopaedics
Fred Funk, a 20 year veteran of professional golf, is now a spokesperson for Orthopaedics. A recipient of a Stryker Triathlon knee, Funk is the first player to win a PGA Tour-sanctioned event after total knee replacement surgery.
Ambulance Service Spends £1m to Cater to Obese Patients
The South Central Ambulance Service recently spent more than £1m on equipment that caters to obese patients, including Stryker chairs and stretchers that hold patients as heavy as 36-50 stone (about 500-700 pounds).
Stryker Teams with SOMOS for Trauma Care Toolbox
The Society of Military Orthopaedic Surgeons (SOMOS), in collaboration with Stryker and DT MedSurg, is launching a new Orthopaedic Disaster Preparedness and Trauma Care Toolbox to provide basic educational tools for the orthopaedic community.
FDA Clears MDM X3 for Market
Stryker’s Orthopaedics Division announced it received U.S. Food and Drug Administration 510(k) clearance for its MDM X3 Modular Dual Mobility Mobile Bearing Hip System. MDM X3 is an addition to the company’s portfolio of next-generation technologies designed to minimize the risks traditionally associated with hip replacement surgery and address a broader patient population, including both primary and revision total hip arthroplasty candidates.
Stryker Consultant Praises Triathlon Knee Results
Dr. Kenneth Greene, a consultant to Orthopaedics, recently discussed a multi-center study in which our Triathlon knee was shown to increase the maximum bend of post-op patients by an average of 28 degrees.
Steve MacMillan Appears on CNBC
Steve MacMillan appeared on CNBC to discuss President Obama's State of the Union address and the effect "Obamacare" will have on the medical technology industry.
Stryker Products Featured in One-Stop Surgery Center
The new Baptist-Beaches Surgery Center, a one-stop shop for outpatient surgeries, testing, recovery and physical therapy, has featured Stryker technologies in each operating room.
Bombay Hospital Performs 100 Knee Replacements with Stryker ASM
Bombay Hospital in Mumbai has performed 100 total knee replacement (TKR) surgeries using Stryker's OrthoMap Articular Surface Mounted (ASM) Knee Navigation System.
Stryker Mobile Bearing Hip Now Offered in Southwest Florida
Dr. Peter J. Curcione is the first surgeon in Southwest Florida to offer Stryker’s Mobile Bearing Hip to his patients. The new implant technology allows Dr. Curcione to use a less invasive approach, reducing scarring and minimizing a risk of muscle damage.