Key TakeawaysShares of Inari Medical surged Monday afternoon and again Tuesday morning as reports of an imminent acquisition by Stryker turned into reality.Stryker will acquire Inari in an all-cash deal for $80 per share, valuing it at roughly $4.9 billion.The deal for the vascular medical device maker was first reported by Reuters Monday afternoon, sending Inari shares up 30% by the end of Monday trading. Inari Medical (NARI) stock skyrocketed Monday afternoon and again Tuesday morning after a report that ...

Portage, Michigan and Irvine, California, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Stryker (NYSE: SYK), a global leader in medical technologies, announced today a definitive agreement to acquire all of the issued and outstanding shares of common stock of Inari Medical, Inc. (NASDAQ: NARI) for $80 per share in cash, representing a total fully diluted equity value of approximately $4.9 billion. Inari, which was founded in 2011, will bring a leading peripheral vascular position in the fast-growing segment of venous ...

Portage, Michigan, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that it will report financial results for its fourth quarter and full year 2024 on Tuesday, January 28, 2025. A press release will be issued at approximately 4:05 p.m. ET and available at Stryker - Press Releases that day. The press release will include summary financial information for the company’s fourth quarter and full year that ended December 31, 2024. Stryker will host a webcast at 4:30 p.m. ET on Tuesday, January 28, 2 ...

Stryker (SYK) is well-poised for growth, backed by a robust robotic arm-assisted surgery platform, Mako, and a diversified product portfolio. An improvement in price also buoys optimism.Shares of this Zacks Rank #3 (Hold) company have risen 24.5% year to date compared with the industry’s 11.5% growth. The S&P 500 Index has increased 27.8% in the same time frame.Stryker, with a market capitalization of $142.8 billion, is one of the world’s largest medical device companies operating in the orthopedic market. ...

Stryker Corporation (SYK) unveiled the Oculan Lighting Platform, an innovative lighting solution designed to provide consistent, high-quality illumination, allowing surgeons to focus on delivering the highest standard of care.The Oculan Lighting Platform excels in providing bright, even light in hard-to-reach spaces, wherein surgeons need it most. The platform’s enhanced contrast capabilities allow surgeons to distinguish between different tissues and anatomical structures more easily.Likely Trend of SYK St ...

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FLOWER MOUND, Texas, USA, Nov. 19, 2024 /PRNewswire/ -- Stryker (NYSE: SYK), a global leader in medical technologies, unveiled the Oculan Lighting Platform, an innovative lighting solution designed to provide consistent, high-quality illumination, allowing surgeons to focus on delivering the highest standard of care.In today's operating rooms, where precision and accuracy are critical, even the smallest challenges may impact surgical outcomes – factors which may impede a surgeon's ability to see clearly and ...

Stryker Corporation (SYK) has announced the launch of the next generation of SurgiCount+ within its sponge management portfolio.SurgiCount+, integrated with Stryker’s Triton technology, is likely to provide solutions for retained surgical sponges and blood-loss assessment. Integrating these previously separate digital solutions is likely to provide the added benefit of more efficiency and a streamlined workflow for hospitals.Likely Trend of SYK Stock Following the NewsFollowing the announcement, shares of t ...

Maternal mortality has been rising in the U.S. for decades,1 with approximately 50,000 cases of severe maternal morbidity occurring each year.2 Notably, 70% of pregnancy-related deaths due to hemorrhage are preventable.3 Stryker's Triton software includes AI technology that can differentiate blood from other fluids and a Bluetooth scale that batch weighs blood-soaked items to help assess blood loss. This provides hospital staff with real-time information to help coordinate the clinical team's hemorrhage res ...

Stryker Corporation (SYK) reported third-quarter 2024 adjusted earnings per share (EPS) of $2.87, which beat the Zacks Consensus Estimate of $2.78 by 3.2%. The bottom line also improved 16.7% year over year. GAAP EPS was $2.16, up 20% from the year-ago quarter's level. Revenue Details Revenues totaled $5.49 billion, beating the Zacks Consensus Estimate by 2.3%. The top line also improved 11.9% on a year-over-year basis and 12% at constant currency (cc). Revenues by Geography Revenues in the United States am ...