Stryker Divests Spine Implant Division as CFO Announces Retirement
January 29, 2025 - 03:18
In a strategic move, Stryker Corporation has agreed to sell its spine implant business to Viscogliosi Brothers, who will rebrand the division as VB Spine. This decision marks a significant shift in Stryker's operational focus, allowing the company to streamline its offerings and concentrate on its core competencies.
Alongside the announcement of the sale, Stryker reported its operating results for the recent fiscal period and provided an optimistic outlook for the year 2025. The company’s financial performance indicates resilience in a competitive market, with expectations of growth in key areas.
The transition comes as Stryker's Chief Financial Officer prepares to retire, signaling a new chapter for the company. Leadership changes often accompany major divestitures, and stakeholders are keen to see how the new management will navigate the evolving landscape of the medical device industry. As VB Spine emerges, the market will be watching closely to assess the impact of this acquisition on both companies.
MORE NEWS
June 18, 2025 - 20:48
Flags from a Plano Small Business Adorn the White HouseA Plano small business owner`s flags and flagpoles are being installed outside the White House on Wednesday. This significant installation marks a proud moment for the local entrepreneur, who has...
June 18, 2025 - 07:21
Business Owners Resist Changes to Highway 80 on Tybee IslandDiscussions surrounding the proposed modifications to Highway 80 continue as the Georgia Department of Transportation (GDOT) considers reducing the highway to a single lane in each direction from...
June 17, 2025 - 23:50
Chase Announces Changes to Sapphire Reserve with Fee Hike and New Business CardChase has unveiled significant updates to its Sapphire Reserve credit card, including a notable increase in the annual fee, which will now be set at $795. This adjustment reflects the bank`s...
June 17, 2025 - 10:53
Donald Trump Reports Over $600 Million Earnings in Latest Financial DisclosureIn a recent financial disclosure, Donald Trump revealed that he earned more than $600 million in the past year. This substantial sum has raised eyebrows and sparked discussions about the various...