Surpass, which is headquartered in Tel Aviv, Israel, with manufacturing and R&D in Miramar, Fla., develops flow diversion stent technology to treat brain aneurysms using a mesh design and delivery system. Its key product is the CE-marked NeuroEndoGraft family of flow diverters.
“The acquisition of Surpass Medical further builds on Stryker’s global platform in the fast growing and highly innovative neurovascular market and helps broaden our offering in complete stroke care,” said Kevin A. Lobo, president and CEO of Stryker, in the release. “We remain committed to furthering care in the interventional neurovascular space by offering patients and caregivers differentiated products that improve outcomes and help save lives.”
The transaction is expected to close in the fourth quarter of 2012.
Stryker is headquartered in Kalamazoo, Mich.
Related Articles on Company Acquisitions:
Boston Scientific to Acquire Rhythmia Medical for $90M
ConvaTec Completes Acquisition of Intermittent Catheter Provider 180 Medical
CareFusion to Acquire Respiratory Company Intermed
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
