Another Stryker Purchase

Stryker is buying Invuity. In case you are new around here, Stryker is a Vestact-recommended company that makes spare parts for humans, and surgical equipment.

As Byron noted last week, Stryker has been doing lots of these smaller acquisitions. This time, they're buying Invuity (share code IVTY) for $7.40 per share, so the total outlay will be about $190 million. According to the press release, Invuity is a leader in advanced photonics and single-use, lighted instruments that deliver enhanced visualization for a wide variety of clinical applications including orthopaedic and spine surgery, general surgery, and women's health procedures. Founded in 2004, and headquartered in San Francisco, California, Invuity's portfolio of innovative products is highly complementary to the Surgical portfolio of Stryker's Instruments business.

Sounds good! Here is a picture of what these Invuity tools look like. Fancy torches, basically.