Stryker Stock Falls on Deal to Sell Its U.S. Spinal Implants Business

Stryker Corporation (SYK) recently announced a definitive agreement to sell its U.S. spinal implants business to Viscogliosi Brothers, LLC, a family-owned investment firm specializing in the neuro-musculoskeletal space, to create a newly formed company called VB Spine, LLC.This reflects a strategic move to streamline Stryker’s portfolio by divesting its U.S. spinal implants business, enabling the company to focus on higher-growth areas. Additionally, the planned sale of related international operations sign ...