Pharma BD Deal Intelligence

Stryker Corporation / MAKO Surgical Corp.

2013 · Acquisition/Merger · $1.6B · Complete

CALLED IT — OFF BY 2
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The coverage arc

Sep 25, 2013 RyOrtho / Orthopedics This Week Neutral

Needham's Mike Matson: 10.6x EV/sales is 'well above the average orthopedics acquisition multiple of 3.1x.' BMO's Joanne Wuensch: 'the take-out price seems…

Sep 26, 2013 MD+DI (citing Needham, BMO, Wells Fargo) Bullish

Needham's Mike Matson called the 10.6x EV/sales multiple 'well above the 3.1x ortho-acquisition average... but perhaps not shocking given MAKO's leadership.'…

Apr 13, 2021 Becker's Spine Review Bullish

Retrospective coverage acknowledged the deal was widely criticized at announcement ('even my customers were upset'), but argued the Mako investment ultimately…

Source summaries from our enrichment pipeline; follow links for originals.

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Stryker to acquire MAKO Surgical at $30/share cash (~$1.65B); platform diagnostics-enabled medtech (robotics) included for orthopedics franchise expansion.

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Related deals — scored

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Stryker Corporation / MAKO Surgical Corp. (this deal)2013$1.6B91
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Stryker Corporation / Inari Medical, Inc.2025$4.9B
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97
Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital)2013$1.3B91

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