Stryker Forms Strategic Alliance with CMR Surgical via $400 Million Investment

Stryker (NYSE:SYK), a global leader in medical technologies, and CMR Surgical, a global robotics company, have announced a strategic equity investment of approximately $400 million (£300 million) by Stryker with an exclusive option for Stryker to acquire the remaining equity of CMR Surgical, alongside an exclusive U.S. commercial agency agreement for the Versius portfolio.

The agreement brings together CMR Surgical's globally established soft-tissue robotics portfolio, clinical experience, and culture of innovation with Stryker's scale, deep customer relationships, commercial execution, and proven track record of bringing innovative technologies to market. Stryker will serve as the exclusive U.S. sales agent for the Versius portfolio, while CMR Surgical will continue to lead portfolio development and commercialization in markets outside the United States.

The alliance comes as demand for robotic-assisted surgery continues to grow, creating an opportunity to help healthcare providers expand robotic-assisted surgery programs with a scalable and practical solution. CMR Surgical's second-generation robot, with established clinical experience globally, supports a broad range of soft tissue procedures. The Versius platform's modular architecture supports flexibility across procedures, surgeon access, and sites of care, and can help healthcare providers grow robotic adoption within existing operating room workflows.

Andy Pierce, Group President, Medsurg and Neurotechnology at Stryker, stated:

"Soft-tissue robotics is a high-growth adjacency and a natural extension of Stryker's strengths in endoscopy, visualization and enabling technologies. We have evaluated the segment carefully for years, and this alliance represents a thoughtful and disciplined entry that combines the complementary strengths of both companies. We selected CMR Surgical and the Versius portfolio because of the opportunity to help healthcare providers grow robotic-assisted surgery adoption across a broad range of procedures in hospitals and ASCs."

Massimiliano Colella, Chief Executive Officer of CMR Surgical, stated:

"This strategic alliance is a significant milestone for CMR and a strong endorsement of the technology, clinical experience and global business we have built. Stryker's investment will give us additional strength to accelerate innovation and the continued global expansion of the Versius portfolio, while its scale and deep customer relationships create a significant growth opportunity in the United States."

Stryker's exclusive acquisition option provides the company the opportunity to acquire 100% of CMR Surgical's outstanding equity in the future, subject to the agreement's terms. The transaction is subject to regulatory approvals and customary closing conditions. Andy Pierce is expected to join CMR Surgical's board of directors.