What is Stryker maybe looking for, a better knee, created with software technology? It’s those algorithms again back at work and this time creating a better fitting knee for the patient. Stryker has been in the news lately with their management being indicted over the bone putty marketing.
The process requires an MRI of your knee to allow the company to create the knee that will be customized to fit. We have all read about the recent news too about keeping the pricing on devices affordable, so perhaps merging the two technologies could bring about better pricing? Who knows and only time will tell. BD
Stryker Corp. spent an estimated $103 million beefing up two of its divisions.
The Kalamazoo, Mich.-based medical device giant said the company will acquire OtisMed Corp., a software company out of Alameda, Calif., that makes computer programs for customizable knee replacements.
Founded in 2005, OtisMed will become a part of Stryker's orthopedic division but maintain its Alameda headquarters. The company said OtisMed's technology will compliment Stryker's Triathlon knee system and other aspects of its implant business.
The acquisition could bolster Stryker's best-performing division. Sales of orthopedic implants rose 5.5 percent during the third quarter, topping $1 billion and helping to offset a 7.7 percent decline in medical and surgical equipment sales.
Original equipment manufacturer or OEM is a common term used in the computer industry these days to refer to a system and practice wherein a computer unit is installed with components, parts and programs outsourced from other manufacturers. For example, a particular brand of a personal computer is only known for making the unit. If consumers demand the inclusion of a computer program or application upon their purchase, the PC manufacturer has to buy and install software from a software maker. Thus, the software becomes OEM software. Panda OEM Software is one of the most popular nowadays.