When Dr. Homer Stryker, an orthopaedic surgeon from Kalamazoo, Michigan, USA, found that certain medical products were not meeting his patients’ needs, he invented new ones. As interest in these products grew, Dr. Stryker started a company in 1941 to produce them.
Today, we are one of the world's leading medical technology companies. Company growth is based on a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes – which we achieve through the dedication of our 33,000 employees globally in 2016.
We are well-positioned to continue serving the worldwide medical community for generations to come. We think Dr. Stryker would be pleased.
Dr. Homer Stryker, the Company’s founder, invents the turning frame and walking heel while completing a degree in orthopaedic surgery at the University of Michigan.
Dr. Stryker begins his medical practice in Kalamazoo, Michigan, and establishes offices in Borgess Hospital. He uses the basement area for research and development.
Dr. Stryker creates The Orthopedic Frame Company.
Manufacturing of the Wedge Turning Frame begins, which allowed caregivers to turn patients with serious back injuries, while keeping the spine immobilized.
Dr. Stryker incorporates The Orthopedic Frame Company.
We patent the oscillating saw; it cuts hard cast material but not human tissue. This product is the forerunner to a broad line of our surgical instruments.
Dr. Stryker’s son, Lee, becomes the General Manager of the Company.
A decade in development, the Circ-O-Lectric bed capitalizes on the legacy of the turning frame.
Our sales reach $1 million.
Dr. Stryker retires from his medical practice, and we change our name to Stryker Corporation.
The 1960s usher in a new era of product development with the micro reciprocating saw.
Lee Stryker becomes our President.
The Company’s sales grow to $17.3 million.
Lee Stryker dies in a plane crash.
We name John W. Brown President and Chief Executive Officer of Stryker Corporation.
The initial public offering of stock brings greater awareness of the Company.
Stryker acquires Osteonics Corp. and enters the orthopaedic implant market.
Dr. Stryker dies at age 85 and John Brown becomes Stryker’s Chairman.
Divisionalization brings focus to each of our three major product groups.
The purchase of SynOptics provides expansion into the endoscopy business.
Our annual sales reach $100 million.
The acquisition of Dimso, SA opens opportunities in the spinal fixation field.
We introduce RUGGED™ ambulance cots to expand into emergency medical services.
The acquisition of Osteo SA provides entry into the orthopaedic trauma market.
We are listed on the New York Stock Exchange after 18 years on NASDAQ.
We acquire Howmedica, a major player in the worldwide orthopaedic market, and double in size in the following year.
We enter the surgical navigation market, providing precision in locating surgical targets.
The Dekompressor and PCD System provide entry into the interventional spine market.
We are listed on the FORTUNE 500 for the first time.
Stephen P. MacMillan becomes President and Chief Executive Officer and John Brown transitions to the role of Chairman of the Board.
Stryker Global Headquarters, Kalamazoo, Michigan, USA
We acquire Ascent Healthcare Solutions, Inc., the market leader in the reprocessing and remanufacturing of medical devices in the U.S.
John Brown retires as Chairman and Stephen MacMillan becomes Stryker’s third Chairman of the Board.
Our sales grow to $7.3 billion.
We are listed in FORTUNE magazine’s 100 Best Companies to Work For for the first time.
We acquire Boston Scientific’s Neurovascular division, greatly expanding our neurotechnology business.
Kevin A. Lobo becomes President and Chief Executive Officer.
We acquire Trauson Holdings Company Limited and expand into the value segment of the emerging markets.
The acquisition of MAKO Surgical Corp. provides opportunities to further advance the growth of robotic arm assisted surgery in orthopaedics.
Kevin A. Lobo becomes Chairman of the Board and our fourth Chairman.
Closed five acquisitions:
• Pivot Medical, Inc
• Patient Safety Technologies, Inc.
• CoAlign Innovations, Inc.
• Berchtold Holding AG
• Small Bone Innovations, Inc.
Our sales exceed $10 billion for the first time, and we complete eight acquisitions, including two in our Medical division:
• Sage Products, LLC,
• Physio-Control International, Inc.
SYK CORP 2017-08-35