Stryker has offered to buy Trauson Holdings in China for $764 million in cash, according to Bloomberg. Trauson is China's largest manufacturer of pelvic reconstruction plates and trauma surgery products, according to the report. It is also the third largest distributor of spine devices.
If it goes through, the acquisition would give Stryker a foothold in the Chinese orthopedic market, which is expected to be worth $2.7 billion by 2015.
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If it goes through, the acquisition would give Stryker a foothold in the Chinese orthopedic market, which is expected to be worth $2.7 billion by 2015.
More Articles on Devices:
Mahr Federal Unveils Mobile Surface Measuring Device
TranS1 Reports $4.1M 4Q Revenue, Up 3%
ArthroCAD Completes Financing Round for Total Hip Arthroplasty Development