India, Jan. 28 -- Stryker (SYK) agreed 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.
After closing, VB Spine will become a strategic partner to Stryker with exclusive access to Mako Spine and Copilot for use with VB Spines implants in spine procedures.
Stryker noted that the agreement also includes a binding offer to acquire Strykers spinal implants business in France, subject to required consultations with employees and/or employee representatives.
The transaction is expected to close in the U.S. in the first half of 2025.
In a separate press release, Stryker announced that Gle...