MAHWAH, N.J., USA, March 21, 2024 /PRNewswire/ — Stryker (NYSE: SYK), a number one international medical expertise firm, introduced right now that it has accomplished the beforehand introduced acquisition of SERF SAS, a France-based joint alternative firm, from Menix.
“The acquisition of SERF SAS additional strengthens our international portfolio and reinforces our dedication to orthopaedic excellence,” mentioned Katherine Truppi, President of Stryker’s Joint Substitute division. “We welcome the SERF SAS crew to Stryker and sit up for working collectively to assist advance product innovation and buyer satisfaction.”
With a legacy of over 50 years, SERF SAS is acknowledged by healthcare professionals worldwide for its improvements in hip implants, together with the invention of the unique Twin Mobility Cup. This acquisition enhances Stryker’s current presence in France and throughout Europe in addition to its international joint alternative portfolio, permitting Stryker to serve a wider vary of sufferers by strengthening its implant product line.
“The SERF SAS product portfolio is constructed on a trusted legacy inside the orthopaedic business,” mentioned Mathieu Badard, Vice President and Common Supervisor, Stryker’s Joint Substitute division, Europe. “We’re thrilled to mix our best-in-class product portfolios and work collectively to develop our presence inside Europe and enhance affected person entry to differentiated merchandise for joint alternative.”
Ahead-looking statements
This press launch accommodates data that features or relies on forward-looking statements inside the which means of the federal securities legislation which might be topic to numerous dangers and uncertainties that would trigger our precise outcomes to vary materially from these expressed or implied in such statements. Such components embrace, however should not restricted to: weakening of financial situations, or the anticipation thereof, that would adversely have an effect on the extent of demand for our merchandise; pricing pressures typically, together with cost-containment measures that would adversely have an effect on the worth of or demand for our merchandise; modifications in overseas forex change markets; legislative and regulatory actions; unanticipated points arising in reference to scientific research and in any other case that have an effect on United States Food and Drug Administration approval of recent merchandise; inflationary pressures; elevated rates of interest; provide chain disruptions; modifications in reimbursement ranges from third-party payors; a big enhance in product legal responsibility claims; the last word complete price with respect to recall-related issues; the impression of investigative and authorized proceedings and compliance dangers; decision of tax audits; modifications in tax legal guidelines and rules; the impression of federal laws to reform america healthcare system; prices to adjust to medical machine rules; modifications in monetary markets; modifications in our credit score scores; modifications within the aggressive surroundings; our skill to combine and notice the anticipated advantages of acquisitions in full or in any respect or inside the anticipated timeframes; our skill to understand anticipated price financial savings; potential destructive impacts ensuing from environmental, social and governance (ESG) and sustainability associated issues; the impression on our operations and monetary outcomes of any public well being emergency and any associated insurance policies and actions by governments or different third events; and breaches or failures of our or our distributors’ data expertise programs or merchandise, together with by cyber-attack, knowledge leakage, unauthorized entry or theft. Extra data regarding these, and different components is contained in our filings with america Securities and Trade Fee, together with our Annual Report on Type 10-Ok and Quarterly Reviews on Type 10-Q. We disclaim any intention or obligation to publicly replace or revise any forward-looking assertion to replicate any change in our expectations or in occasions, situations or circumstances on which these expectations could also be based mostly, or that have an effect on the probability that precise outcomes will differ from these contained within the forward-looking statements.
About Stryker
Stryker is a world chief in medical applied sciences and, along with its prospects, is pushed to make healthcare higher. The corporate provides modern services in MedSurg, Neurotechnology, Orthopaedics and Backbone that assist enhance affected person and healthcare outcomes. Alongside its prospects around the globe, Stryker impacts greater than 150 million sufferers yearly. Extra data is offered at www.stryker.com.
About Menix
Menix contains cutting-edge technological industries within the orthopaedic (primarily hip and knee) and dental sectors, in addition to 3D digital options. Within the discipline of orthopaedics, Menix enjoys a management place on the twin mobility and first intention stem markets in France.
About SERF SAS
SERF SAS is a French firm that develops, manufactures, and sells a vary of massive joint alternative merchandise on a world foundation. Since its founding, SERF SAS has developed quite a few modern ideas, together with the invention of the unique Twin Mobility Cup. SERF SAS’s essential workplace relies in Décines-Charpieu, France.
Media contact
Stryker, Joint Substitute
Niamh Grano
Sr. Communications Supervisor
niamh.grano@stryker.com
+1 201.831.5589
SOURCE Stryker
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