Stryker to spend up to $500M to boost spine unit with imaging, robotics tech
Stryker plans to acquire sister companies Mobius Imaging and Cardan Robotics for $370 million in upfront cash. An additional $130 million is on the table based on completion of certain development and commercial milestones. Stryker will gain Mobius’ Airo CT scanner, a mobile diagnostic imaging system. FDA first granted 510(k) clearance to an earlier version of the system in 2013, adding a pediatric indication for the product last year. Cardan Robotics was founded in 2015 and is working to develop robotics and navigation systems for surgical and interventional radiology procedures, Stryker said.
“The acquisition provides Stryker’s Spine division with immediate entry into the intra-operative imaging segment and aligns with Stryker’s implant and navigation offerings,” the company said.