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Stryker buys Florida firm

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KALAMAZOO (WKZO) -- The Stryker Corporation is buying a Florida based firm that specializes in robotic surgical technology.

They would pay roughly 1.65 billion dollars for Mako Surgical Corporation which is based in Ft. Lauderdale.

The Firm makes a line of robotic arms that can help a surgeon more precisely implant replacement knees and hips, products that Stryker already manufactures, and do it at less cost.

The Wall Street Journal reports that will appeal to hospital and insurance executives who are under pressure to reduce budgets.

Wall Street analysts think Stryker is paying too much for the company.

Their stock took a hit while shares of Mako went up 82%.

 

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