Financial

Mako Buys Pipeline Biomedical’s Orthopedic Device Business

Mako Surgical, a publicly traded medical device company based in Davie, announced that it has agreed to acquire Pipeline Biomedical Holdings’ orthopedic device business for $2.5 million in cash and 3.95 million unregistered shares of stock. New Jersey based Pipeline and Mako expect to close the transaction Friday.

Last week, Stryker Corp. of Michigan announced it will buy Mako in a $1.65 billion deal, one of the region’s largest acquistions in the bio-medical industry. The aquisition is subject to shareholder approval.

Mako, launched in 2004, makes robotic systems used in hip and knee replacement and employs more than 400 people.

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Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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