Stryker, a global leader in medical technologies, announced a definitive agreement to acquire Vertos Medical, a privately held company that provides a minimally invasive solution for treating chronic lower back pain caused by lumbar spinal stenosis.
Lumbar spinal stenosis affects millions of people worldwide, and it is a leading cause of pain and disability. Patients today seek minimally invasive treatment options, valuing reduced recovery times and quicker returns to daily life. Vertos Medical’s mild procedure provides a solution for pain relief and may improve mobility without the need for major surgery.
This deal is subject to customary closing conditions. Stryker and Vertos Medical Inc. will continue to operate as separate entities and proceed with business as usual until the transaction closes.
KEY QUOTES:
“We are committed to helping customers restore patients’ quality of life with interventional solutions to address chronic pain. This acquisition strengthens our minimally invasive pain management portfolio with differentiated treatments and expands our reach across ambulatory surgery centers.”
- Andy Pierce, Group President, MedSurg and Neurotechnology, Stryker
“Allowing patients to get back to what matters most to them is what matters most to us. Stryker’s mission and focus on interventional solutions provides an opportunity to further improve patients’ quality of life.”
• ⁃ Eric Wichems, Vertos Medical’s Chief Executive Officer
