Stryker Corporation acquired OrthoSpace Ltd. from Johnson & Johnson Innovation - JJDC, Inc., TriVentures and fund of InnovaHealth Partners for $220 million.
March 13, 2019
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Stryker Corporation (NYSE:SYK) acquired OrthoSpace Ltd. from Johnson & Johnson Innovation - JJDC, Inc., TriVentures and fund of InnovaHealth Partners for $220 million on March 14, 2019. The consideration is in cash and includes an upfront payment of $110 million and future milestone payments of up to an additional $110 million. The transaction is expected to have an immaterial impact to net earnings in 2019. BNP Paribas acted as financial advisor to OrthoSpace Ltd.Andrew Ment, Gustavo Akkerman, Katrina Cokleski , Pamela Forrest, Lynette Zentgraft, Douglas Poucher, Stephanie Resnik, Christina Kuhn , Sarah Cowlishaw , Daniel Cooper,Joshua Gray , Esther Scherb,? Anna Kraus, Stefanie Doebler, Liza Khan, Rebecca Yergin , Michael Francese , Chris Bracebridge, Daisy Cutler , Ansgar Simon, Jon Endean , Don Ridings, Brian Fitzpatrick, Leah Saris,James O'Connell, Andrea Zulli, and Rolf Ali of Covington & Burling LLP acted as legal advisor to Stryker Corporation.
Stryker Corporation (NYSE:SYK) completed the acquisition of OrthoSpace Ltd. from Johnson & Johnson Innovation - JJDC, Inc., TriVentures and fund of InnovaHealth Partners on March 14, 2019.
Stryker Corporation is one of the world's leaders in designing, manufacturing, and selling orthopedic equipments. Net sales break down by family of products as follows:
- surgical equipments and neurotechnology products (57.5%): electric motorized surgical instruments, surgical navigation systems, endoscopy equipment, digital imaging systems, neurosurgery equipments, neurovascular devices, etc. The group also offers hospital beds, gurneys, stretchers, and emergency room equipment;
- orthopedic implants (42.5%): joint prostheses, traumatology implants, micro-implants, orthopedic cement, orthobiology products, etc. The group also provides spinal implants.
At the end of 2022, the group had 48 production sites worldwide.
Net sales are distributed geographically as follows: the United States (73.9%), Europe/Middle East/Africa (12.7%), Asia/Pacific (10.2%) and other (3.2%).
Stryker Corporation acquired OrthoSpace Ltd. from Johnson & Johnson Innovation - JJDC, Inc., TriVentures and fund of InnovaHealth Partners for $220 million.
STRYKER CORPORATION 
