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2024-04-20 00:05:42

Stryker Corporation

American medical technologies corporation
American medical technologies corporation
Stryker Corporation, based in Kalamazoo, Michigan, offers a wide range of medical products including implants, surgical equipment, and neurosurgical devices. Its products are marketed globally through various channels.
1894-11-04
Birth of Dr. Homer Stryker
On November 4, 1894, Dr. Homer Stryker, the founder of the company, was born in Athens, Michigan.
1904
Foundation of Stryker Osteosynthesis' plant in Kiel, Germany
The plant in Kiel, Germany, was established in 1904 by Ernst Pohl, an orthopaedic engineer.
1940
Invention of Stryker Turning Frame Hospital Bed
Dr. Homer Stryker's invention of the Stryker Turning Frame hospital bed in 1940 revolutionized orthopedic care by allowing doctors to reposition patients while keeping them immobilized.
1941
Founding of Stryker Corporation
Stryker Corporation is a leading medical technology company that offers innovative products and services in various medical fields. The company's culture is rooted in Dr. Stryker's legacy, aiming to improve healthcare outcomes for patients worldwide.
1942
Manufacturing of the Wedge Turning Frame begins
In 1942, the manufacturing of the Wedge Turning Frame commenced, revolutionizing patient care by enabling caregivers to turn patients with back injuries while maintaining spinal immobilization.
1946
Dr. Stryker Incorporates Orthopedic Frame Company
In 1946, Dr. Stryker incorporated his business as the Orthopedic Frame Company, introducing four products including the turning frame, walking heel, surgical traction device, and cast cutter.
1947
Patenting of the Oscillating Saw by The Orthopedic Frame Company
In 1947, The Orthopedic Frame Company patented the oscillating saw, a revolutionary tool that could cut hard cast material without harming human tissue, leading to the creation of a diverse range of surgical instruments.
1955
Lee Stryker becomes General Manager
In 1955, Dr. Stryker's son, Lee, took on the role of General Manager at the company, contributing to its management and growth.
1958
Introduction of Circ-O-Lectric Bed by Orthopedic Frame Company
In 1958, the Orthopedic Frame Company launches the Circ-O-Lectric bed, a revolutionary product that builds on Dr. Stryker's ideas and the legacy of the turning frame, marking a significant milestone in the company's product development.
1961
Lee Stryker's Plane Crash
Lee Stryker, along with his wife and two companions, tragically perish in a plane crash while on vacation in Wyoming. Lee had played a significant role in the growth of the company before his untimely death.
1964
Company name changed to Stryker Corporation
Dr. Stryker retires from his medical practice, leading to the company changing its name to Stryker Corporation.
1969
Lee Stryker Becomes President
In 1969, Lee Stryker assumes the role of President within the company, marking a significant leadership change.
1970
Formation of Stryker International, Inc. and Expansion into International Markets
In 1970, Stryker International, Inc. is organized under the leadership of William Laube, signaling the company's strategic move to develop sales forces in Canada and overseas, expanding its global presence.
1976
Lee Stryker's Death
Tragically, in 1976, Lee Stryker passes away in a plane crash, leading to a significant loss within the company.
1977
John Brown named President and CEO of Stryker Corporation
In 1977, John Brown was appointed as the President and Chief Executive Officer of Stryker Corporation.
1979
Stryker acquires Osteonics Corp. and enters the orthopaedic implant market
In 1979, Stryker acquired Osteonics Corp., marking its entry into the orthopaedic implant market.
1980
Stryker acquires Osteonics Corp.
In 1980, Stryker acquired Osteonics Corp. and made its entry into the orthopaedic implant market.
1981
Stryker purchases SynOptics for expansion into endoscopy business
In 1981, Stryker made the strategic acquisition of SynOptics to expand its presence in the endoscopy business.
1985
Stryker's annual sales reach $100 million
By 1985, Stryker achieved a significant milestone as its annual sales crossed the $100 million mark.
1990
Stryker's annual sales reach $280 million
In 1990, Stryker achieves a milestone as its annual sales increase to $280 million.
1992
Acquisition of Dimso SA
In 1992, Stryker acquired Dimso SA, creating opportunities in the spinal fixation field.
1994
Stryker invests in OP-1 protein/BMP-7 for bone growth
In 1994, Stryker initiated a long-term investment in OP-1 protein/BMP-7, a collaboration with Creative BioMolecules, Inc., aiming to develop a protein for human bone growth.
1996
Acquisition of Osteo SA
In 1996, Stryker acquired Osteo SA, enabling the company to enter the orthopedic trauma market.
1997
Stryker Corporation Acquires Howmedica
In 1997, Stryker Corporation purchased Howmedica, the orthopedic division of Pfizer Inc., for $1.65 billion. This acquisition significantly increased Stryker's annual sales to $1.9 billion and solidified its position as a major player in the orthopaedic implant business.
1998
Acquisition of Howmedica
In 1998, Stryker acquired Howmedica, significantly increasing the company's annual sales to $1.9 billion.
1999
Stryker Corporation's Annual Sales Reach $2.1 Billion
In 1999, Stryker Corporation achieved a significant milestone with annual sales reaching $2.1 billion, solidifying its position in the market.
2000-01-27
Stryker Corporation Restates Operating Results
On January 27, 2000, Stryker Corporation restated its operating results for the year ended December 31, 1998, reducing acquisition-related charges by $30.9 million.
2001
Commercial Launch of Biotech Product OP-1
In 2001, Stryker commercially launched OP-1, a biotech product, envisioning a new source of growth for the company.
2002-06
Stryker acquires Spinal Implant Business from Surgical Dynamics
Around June 2002, Stryker bought the Spinal Implant Business of Surgical Dynamics for $135 million.
2003
Introduction of Dekompressor and PCD System
The Dekompressor and PCD System mark the company's entry into the interventional spine market.
2004-08
Stryker purchases SpineCore
In August 2004, Stryker acquired SpineCore for $120 million, a company focused on artificial spinal disks development.
2005-12
Stryker buys PlasmaSol Corp.
In December 2005, Stryker acquired PlasmaSol Corp. for $17.5 million, a company known for its technologies enabling the sterilization of various MedSurg equipments.
2006-02
Stryker acquires eTrauma.com
In February 2006, Stryker purchased eTrauma.com, a company specializing in PACS software development, which was then included in Stryker's Endoscopy Business.
2006-03
Stryker absorbs Sightline Technologies
In March 2006, Stryker integrated Sightline Technologies, a Haifa-based manufacturer of gastrointestinal endoscopy devices, into its operations.
2007-11-14
Stryker Corp. & Physiotherapy Associates to Pay U.S. $16.6 Million for Alleged False Claims
In November 2007, Stryker Corp. and Physiotherapy Associates agreed to pay $16.6 million to the U.S. Department of Justice for allegedly making false claims to federal health care programs.
2008-02
Dispute Between Stryker Corp. and U.S. Department of Justice
As of February 2008, a dispute exists between Stryker Corporation and the U.S. Department of Justice concerning a subpoena linking the company to misconduct in the sale of products.
2009
Acquisition of Ascent Healthcare Solutions, Inc.
The company acquired Ascent Healthcare Solutions, Inc., a prominent player in reprocessing and remanufacturing medical devices in the U.S., strengthening its position in the healthcare industry.
2010
Acquisition of Ascent Healthcare Solutions, Inc. by Stryker Corporation
In 2010, Stryker Corporation acquires Ascent Healthcare Solutions, Inc., a prominent company specializing in reprocessing and remanufacturing medical devices in the U.S.
2011-01
Stryker Acquires Neurovascular Division of Boston Scientific
In January 2011, Stryker acquired the Neurovascular Division of Boston Scientific, which includes products used for the minimally invasive treatment of hemorrhagic and ischemic stroke.
2011-06
Stryker Purchases Orthovita
In June 2011, Stryker purchased Malvern, Pennsylvania-based Orthovita, a biomaterials company specializing in bone augmentation and substitution technologies.
2011-07
Stryker Acquires Memometal Technologies
In July 2011, Stryker completed the acquisition of privately held Memometal Technologies S.A., a France based company that develops, manufactures, and markets products for extremity indications based on shape memory metal alloy.
2011-08
Stryker Signs Agreement to Acquire Concentric Medical
In August 2011, Stryker signed a definitive agreement to acquire privately held Concentric Medical, Inc. in an all-cash transaction for $135 million. Concentric's products include devices for the removal of thrombus in patients experiencing acute ischemic stroke.
2012-10-01
Appointment of Kevin A. Lobo as President and CEO
On October 1, 2012, Kevin A. Lobo was appointed as the president and chief executive officer of Stryker Corporation, bringing new leadership to the company.
2013-03
Stryker Acquires Trauson Holdings Company Limited
In March 2013, Stryker acquired Trauson Holdings Company Limited, a trauma manufacturer in China and a major competitor in the spine segment.
2013-12
Stryker Acquires MAKO Surgical Corporation
In December 2013, Stryker acquired MAKO Surgical Corporation, a company in South Florida that manufactures and markets surgical robotic arm assistance platforms.
2014-07-01
Stryker Agrees to Buy Assets of Small Bone Innovations Inc.
On July 1, 2014, Stryker Corp. announced that it had agreed to buy the assets of Small Bone Innovations Inc., a company that specializes in products for small bones and joints.
2015-11-19
FDA Approval Letter for Stryker Tritanium PL Cage
FDA approval letter for the Stryker Tritanium PL Cage, a medical device manufactured by Stryker.
2016-04-01
Stryker acquires Sage Products, LLC
On April 1, 2016, Stryker completed the acquisition of Sage Products, LLC.
2016-05-05
Stryker Orthopaedics Moves Toward Patient-Specific Implants
In May 2016, Stryker Orthopaedics utilized 3D printing technology to create patient-specific implants, revolutionizing the orthopedic industry.
2016-08-29
Stryker LFIT Anatomic V40 Femoral Head Recall
On August 29, 2016, FDA announced a Class 2 Device Recall for Stryker LFIT Anatomic V40 Femoral Head.
2017-02-28
10 things to know about Stryker
An article providing 10 key facts about Stryker, a medical technology company.
2017-04-05
Transfer Order for Stryker Orthopaedics LFIT V40 Femoral Head Products Liability Litigation
On April 5, 2017, the U.S. Judicial Panel on Multidistrict Litigation issued a transfer order for the Stryker Orthopaedics LFIT V40 Femoral Head Products Liability Litigation.
2017-05-01
Stryker Corporation 2017 Revenue
As of May 1, 2017, Stryker Corporation reported a revenue of $12.44 billion, showcasing its significant financial success.
2017-05-30
Designation of New Jersey State-Court Litigation Involving Stryker LFIT CoCr V40 Femoral Heads as Multicounty Litigation
On May 30, 2017, the New Jersey Supreme Court designated the litigation involving Stryker LFIT CoCr V40 Femoral Heads as multicounty litigation, consolidating cases from various counties in the state.
2017-08-24
Stryker Recalls Sage Unit Products
Stryker recalled Sage unit products on August 24, 2017, impacting their guidance.
2018-02-28
Stryker Acquisition of Entellus Medical
Stryker completed the acquisition of Entellus Medical on February 28, 2018.
2018-04-26
Stryker reports first quarter 2018 operating results
Stryker released their financial performance for the first quarter of 2018.
2019-02
Stryker announces acquisition of Arrinex, Inc.
In February 2019, Stryker announced it would acquire Arrinex, Inc., a manufacturer of cryoablation technology for the treatment of chronic rhinitis.
2019-03
Stryker acquires OrthoSpace, Ltd
In March 2019, Stryker acquired the Israeli-based OrthoSpace, Ltd for up to $220 million.
2019-10
Stryker acquires Mobius Imaging and GYS Tech
In October 2019, Stryker acquired Mobius Imaging, LLC and GYS Tech, LLC (DBA Cardan Robotics).
2019-11
Stryker announces acquisition of Wright Medical Group N.V.
In November 2019, Stryker announced it would acquire Wright Medical Group N.V. for around $4 billion, expanding into upper-body implants.
2021-01
Stryker acquires OrthoSensor, Inc.
In January 2021, Stryker announced it would acquire joint replacement technology business, OrthoSensor, Inc.
2021-05
Stryker acquires TMJ Concepts
In May 2021, Stryker announced the acquisition of TMJ Concepts.
2022-01
Stryker acquires Vocera Communications
In January 2022, Stryker announced it would acquire digital care business Vocera Communications for around $3 billion.
2023-09-05
Stryker recalls hip replacement implants
Stryker, a global medical technology company, has recalled some of its hip replacement implants due to concerns for patient safety. This action has led to the company paying billions of dollars to settle metal-on-metal hip implant lawsuits.
2024-03-27
Stryker All-Time High Stock Price
The all-time high Stryker stock closing price was 358.71 on March 27, 2024.
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Stryker Corporation

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Stryker Corporation

American medical technologies corporation
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