Stryker's acquisition spree enhances competitiveness and capabilities, leading to double-digit growth prospects

From Nasdaq.: 2024-10-10 09:33:00

Stryker has become the third-largest company in the healthcare equipment industry through acquisitions. Recent months have seen the company acquire five firms, enhancing its competitiveness and capabilities.

Stryker’s segments include MedSurg & Neurotechnology and Orthopedics & Spine, offering surgical devices and bodily implants. Recent acquisitions like NICO and Care.ai expand its offerings in stroke treatment and patient monitoring.

Financially, analysts expect Stryker to see robust earnings growth, outperforming competitors like Medtronic. Despite recent acquisitions, the stock remains stable with a 7% upside potential as per analysts.



Read more at Nasdaq.:: Stryker’s Acquisition Spree: Double-Digit Growth on the Horizon