Stryker will spend $1.41 billion to acquire Mako Surgical and all of its robotic assisted surgery technology.
The medical device maker will pay $30 per Mako share, an 86 percent premium to its $16.17 closing price Tuesday. The companies put the deal’s value at about $1.65 billion.
Mako Surgical Corp. has approximately 47 million outstanding shares, according to FactSet. The company’s products include its Rio robotic arm interactive orthopedic system and its Restoris implants. It also recently introduced the Makoplasty total hip arthroplasty, a new robotic arm system that is used for complete hip replacements.
Stryker chief executive Kevin Lobo says Mako’s robotic technology has long-term potential for human joint reconstruction. Full story for BostonGlobe.com subscribers.