Stryker to buy Mako for $1.65B

Michelle Fay Cortez Bloomberg News Comments Stryker Corp., the second-largest seller of orthopedic devices, agreed to buy Mako Surgical Corp. for $1.65 billion to add technology for robot-assisted surgery. Investors in Mako will receive $30 a share from Kalamazoo-based Stryker, the companies said Wednesday in a statement. The offer carries an 86 percent premium over Fort Lauderdale, Florida-based Mako’s closing price Tuesday . Mako, founded in 2004, pioneered the use of robotic-assisted surgery in orthopedics. It sells the Rio Robotic Arm, which enables surgeons to precisely and consistently cut through bone. The incisions are designed for the company’s Restoris implants, including partial...