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Corporation Spending Up To $375 Million to Acquire Assets of Local Company

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By

Tom Sofield

Medical technology company Stryker Corporation announced Monday morning they will be acquiring all the assets of Small Bone Innovations Inc.

taxesThe deal with Morrisville section of Falls-based Small Bone Innovations is said to be worth $375 million cash.

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The transaction is expected to third quarter of 2014, according to a press release about the deal.

“This transaction is the next step of growth for Small Bone Innovations’ world-class products – especially the STAR Total Ankle – and is a perfect fit with Stryker’s product suite and global reach of its world-class distribution system,” said Michael P. Simpson, president and CEO of Small Bone Innovations.

The local company designs a variety of products used in small bones and joints to treat health ailments.

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Small Bone Innovations was started in 2004 and has other facilities in Europe and Asia.

Tom Sofield

Tom Sofield

Tom Sofield has covered news in Bucks County for 16 years for both newspaper and online publications. Tom’s reporting has appeared locally, nationally, and internationally across several mediums. He is proud to report on news in the county where he lives and to have created a reliable publication that the community deserves.