Displaying items tagged: Stryker Corp
Michigan life sciences industry ranks among best in nation as employment grows
Employment in Michigan’s life sciences sector grew by 5.6 percent from 2018 to 2021 to 44,340 jobs, ranking the state among the top 15 in the nation for industry size.
MiBiz Growth Report: July 18, 2022
Here is the MiBiz Growth Report for July 18, 2022:
Whirlpool to divest Russian operations
BENTON HARBOR — Appliance maker Whirlpool Corp. is selling off its operations in Russia.
Stryker records Q1 sales growth despite supply chain, hospital staffing challenges
KALAMAZOO — Stryker Corp. recorded a solid first-quarter sales gain despite supply chain issues and staffing shortages at hospitals that delayed the installation of capital medical equipment.
Several West Michigan companies earn perfect scores for LGBTQ equality in workplace
Several large West Michigan-based companies earned a perfect score on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, a tool that scores how well businesses support LGBTQ people.
MiBiz Growth Report: January 17, 2022
Here is the MiBiz Growth Report for January 17, 2022.
Stryker to buy health care software company for nearly $3B
KALAMAZOO — Stryker Corp. plans to buy health care software company Vocera Communications Inc. for nearly $3 billion.
After ‘soul searching,’ Southwest Michigan First finds new CEO
KALAMAZOO — The new CEO at Southwest Michigan First sees the job as an opportunity to come home to the Midwest and run what he considers “one of the best” economic development organizations in the country.
Two exits provide momentum for VC firm The 4100 Group
Two recent exits involving portfolio companies create momentum for the investment arm of dental insurer Delta Dental of Michigan.
Zoetis’ COVID-19 vaccines for animals bolster Southwest Michigan’s life sciences profile
KALAMAZOO — Nine months ago, some of the first COVID-19 vaccines left Portage and found their way into the arms of patients around the country.
Stryker sales grow 55% as company regains pre-COVID ‘rhythm’
KALAMAZOO — Stryker Corp.’s sales grew 55 percent in the second quarter, driven primarily by a return of business lost last year with the onset of the COVID-19 pandemic.
6 West Michigan companies earn top grades for LGBTQ equality workplaces
GRAND RAPIDS — Six West Michigan corporations earned top scores in this year’s Corporate Equality Index rankings recently published by the Human Rights Campaign, showcasing the companies as among the best places to work for LGBTQ equality.
Stryker Q4 sales affected by resurgence in COVID-19 cases
KALAMAZOO — Stryker Corp.’s sales grew 3.2 percent in the fourth quarter amid a resurgence of COVID-19 infections that affected market demand for elective medical procedures.
Stryker acquires Florida-based sensor technology maker
KALAMAZOO — Stryker Corp. acquired Dania Beach, Fla.-based OrthoSensor Inc., a producer of sensor technology for musculoskeletal care and total joint replacement.
MiBiz Growth Report: November 8, 2020
Here is the MiBiz Growth Report for November 8, 2020.
Settlement requires Stryker to divest certain products before $4B acquisition
Stryker Corp. will have to divest ankle and finger implant businesses under a proposed agreement with federal trade regulators to allow a $4 billion deal to proceed with Wright Medical Group N.V., a Netherlands-based maker of various orthopedic products.
Stryker Q3 earnings rebound after pandemic-related declines
KALAMAZOO — Stryker Corp.’s sales and earnings rebounded in the third quarter after falling sharply in the prior three months and early weeks of the COVID-19 pandemic.
Stryker Q2 sales fall sharply on pandemic-related delays for medical procedures
KALAMAZOO — Stryker Corp.’s sales declined sharply in the second quarter, as restrictions in the U.S. and globally during COVID-19 pandemic caused delays and deferrals of medical procedures, leading to a rare quarterly loss.
Capital raises bring pair of Genesis Innovation-backed startups closer to market
GRAND RAPIDS — New capital investments involving existing investors will bring two health care startups backed by Genesis Innovation Group LLC closer to the market.
Fewer elective procedures limits Stryker sales growth
KALAMAZOO — Stryker Corp. recorded a modest sales increase in the first quarter, as the COVID-19 pandemic cut into demand from medical procedures that were delayed or postponed and as hospitals were unable to perform elective medical procedures.
Rules relaxed as manufacturers step up to address critical health equipment shortages
As Michigan manufacturers shift course to join the growing “arsenal of health,” federal regulators have responded to the COVID-19 outbreak by reducing potential liability that typically comes with making medical supplies.
MiBiz Growth Report: April 12, 2020
This is the MiBiz growth report for April 12, 2020.
Stryker withdraws guidance, citing ‘uncertain scope and duration’ of pandemic
KALAMAZOO — Medical device maker Stryker Corp. expects the growing push to defer elective surgeries as health care organizations deal with a rush of COVID-19 patients to have “a significant negative impact” on its operations and financial performance.
West Michigan manufacturers brace for disruptions from Chinese Coronavirus outbreak
A tooling engineer from Grand Rapids-based Tier-1 supplier ADAC Automotive was traveling in the Wuhan area of China when the Coronavirus public health crisis broke in late January.
Stryker reports higher sales for fourth quarter
KALAMAZOO — Stryker Corp. grew earnings nearly 9 percent in the fourth quarter, providing what Chairman and CEO Kevin Lobo called an “excellent finish” to the year.
Closure of Grand Rapids facility fuels concern over medical device shortage
The stoppage of medical device sterilization at a Grand Rapids facility by the end of the year is adding to local and national concerns about the availability of critical health care equipment.
Growth Report: Nov. 9, 2019
Here is the growth report for November 9, 2019.
Stryker to acquire Wright Medical for $4 billion
KALAMAZOO — Stryker Corp. plans to buy Wright Medical Group N.V., a Netherlands-based maker of orthopedic products for the ankle, wrist, foot and shoulder, for $4 billion in cash.
Mexican agency accuses Stryker of bribery in federal lawsuit
A federal lawsuit claims Stryker Corp. for years used bribery “as an integral part of its world-wide marketing strategy” to sell medical products to an agency of the Mexican government that provides care to residents.
MiBiz Growth Report: September 14, 2019
Here is the growth report for September 14, 2019.