By the numbers
Q4 revenue: $6.4 billion
10.7% increase year over year
2024 revenue: $22.6 billion
10.2% increase year over year
Q4 net earnings: $546 million
52.2% decrease year over year
2024 net earnings: $2.99 billion
5.4% decrease year over year
Stryker reached an agreement with family investment firm Viscogliosi Brothers to sell its U.S. spinal implants business for an undisclosed amount, the companies announced Tuesday.
The newly formed company will be called VB Spine, specializing in neuro-musculoskeletal products. The agreement includes a binding offer to acquire Stryker’s spinal products in France.
Stryker CEO Kevin Lobo told investors on Tuesday that the segment “has faced challenges in achieving our performance expectations.” Lobo added the sales will put the business in the hands of new…
