Stryker Eyes M&A, Market Share Growth in Europe

(Reuters) - Orthopedic device and surgical equipment maker Stryker Corp said on Wednesday it is eyeing growth through acquisitions, and has set its sights on improving market share for its products in Europe.

Stryker Chief Executive Kevin Lobo, speaking at the JP Morgan healthcare conference in San Francisco, said the company was in a very strong cash position that would allow it to make acquisitions that are “small, medium or even large.”

“We need to be market leaders in the areas that we choose to play in,” Lobo said. “We’ll look at deals of all different sizes ... to strengthen our position.”

Help employers find you! Check out all the jobs and post your resume.

MORE ON THIS TOPIC