Stryker new owner

375 mill for an ankle guys. that is all they wanted.

 

Here's what I read:
Stryker Corp. ( SYK ) said Monday that it will acquire an ankle replacement system and other assets from Small Bone Innovations Inc. for up to $375 million in cash.

The move aims to expand Stryker's focus on orthopedics, the company said. In addition to the STAR Ankle replacement system, Stryker also purchased finger, wrist and elbow products from the privately held company, in a bid to expand its foot and ankle product portfolio.


Pay attention to the part about purchasing products FROM the privately held company.

 

Yeah VB and Anthony Viscogliosi who has done it once again. The best track record in the industry!

 

So,,,this is the worst kept secret out there.

Anybody at management have a comment before this deal, like get your resume ready or the "just do your job" tact reply to questions about the sale.

 

Are there any series A-C options holders who have heard anything from SBi Crop regarding any form of payout? Valuation? I have called corp a number of times after the Stryker "deal," and it has been futile.

 

Any truth to the rumor that Varun is truly "Ghandi?"

 

...just like a running back who runs 100 yards east and west and south for a loss on the play and an occasional one-yard gain... if you consider that a great track record.

 

Stryker really overpaid on this deal. They must have an awful corporate finance team!

 

Right. Even if sales were pushing 40 million, that would still be a multiple of nearly 10x, which is nuts. But my understanding is that sales are more like 20-30 million. Overpaid for weak technology. Even with a vastly superior sales network, you can't polish a turd and make it a diamond. They've had several years (like 10+ now) to really make something of their company, and they never blew it out. If they had something vastly superior it would be rocking by now. Seems this is just a line filler for stryker rather than something that they plan to turn into a blockbuster through further investment.

 

The press releases mentions "up to $375 million."

this would imply that there are milestone payments in the contract. Is this correct? If so what is the upfront amount?

 

Even at $375 million the company sustained a tremendous loss. A lot of people are going to get fucked when this deal goes through.

 

everyone but the Purple Suit Brigade.

 

I'm sure they'll enjoy it!

 

Re: Stryker new owner (safety issue)

Stryker has a cadaver-related tissue issue coming up in early 2015 and so now Small Bone Innovations has inherited a cadaver-related tissue issue. Hope it all gets sorted soon by the authorities.

 

Like most device companies who use cadaver tissue, they need to audit (hope they know what to look for). Foreign tissue is bad news.

 

US home grown tissue man. Nobody audits. They should, but they all give lip service to doing the right thing. Don't care.

 

Nobody really audits. Nobody cares.

 

so just over a year into it... Is Stryker doing any better with this line than SBi was on their own?