9/30/2013 8:24:33 AM
Could Stryker's blockbuster $1.65 billion deal for robotic surgery player Mako Surgical augur for more consolidation in the orthopedics space? Stryker (NYSE:SYK) certainly found a way to liven up the ortho space, with Wednesday's announcement that it is buying Mako Surgical (NSDQ:MAKO) for a whopping 13 times 2013 estimated revenue. Stryker had been pretty clear about its intentions to put cash towards M&A, and Stryker's relative challenges in knees were already known, but few industry-watchers saw this deal coming, and certainly not at this price.
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