MAKO Surgical Corp.

MAKO Surgical Corp.
IndustryMedical devices
Founded2004[1]
FounderRony Abovitz, Maurice Ferre M.D.
DefunctDecember 17, 2013 (2013-12-17)
FateAcquired by Stryker Corporation
Key people
Maurice Ferre M.D., Fritz LaPorte, former CFO, Treasurer, Sr. VP of Finance
Products
  • RIO Robotic Arm Interactive Orthopedic Systems
  • RESTORIS Implants for partial knee and total hip arthroplasty[2]
RevenueIncrease US$ 102.72Million (2012)[3]
Increase US$ -32.55Million (2012)[3]

MAKO Surgical Corp. was a publicly traded medical device company based in Florida. On September 25, 2013, the Board of Directors of Mako Surgical accepted a deal to be acquired by Stryker for $1.65B.[4][5] The deal closed in December 2013.

Founded in 2004, the company manufactures and markets surgical robotic arm assistance platforms, most notably the RIO (Robotic Arm Interactive Orthopedic System) as well as orthopedic implants used by orthopedic surgeons for use in partial knee and total hip arthroplasty. They are known for their intellectual property of devices,[6][7] and have over 300 U.S. and foreign patents and patent applications. The company has won numerous awards, including being named the fastest growing technology company in 2011 on Deloitte's Technology Fast 500. Before it was purchased, it was publicly traded on the NASDAQ under the stock symbol "MAKO."[8]

  1. ^ Maranjian, Selena (14 February 2013). "Buy, Sell, or Hold: MAKO Surgical". Motley Fool. Retrieved 15 February 2013.
  2. ^ Marie Savard (2 February 2009). Hi-Tech Knee Replacement (Television). Good Morning American via ABC News.
  3. ^ a b "MAKO Surgical Financials". MarketWatch. Retrieved 29 March 2013.
  4. ^ Walker, Joseph; Stynes, Tess (2013-09-25). "Stryker to Acquire Mako Surgical for About $1.65 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-09-25.
  5. ^ "UPDATE 2-Stryker buys Mako Surgical to gain robot surgery skills". Reuters. 25 September 2013. Archived from the original on 2021-10-01.
  6. ^ "Mako Surgical Corp". The Boston Globe. 20 September 2011. Archived from the original on 24 September 2015. Retrieved 18 February 2013.
  7. ^ Brian Williams. Robo-Doc (Television). NBC Nightly News. Archived from the original on October 2, 2013.
  8. ^ Bandell, Brian (7 January 2013). "Mako Surgical Meets 2012 Sales Targets". Biz Journal. Retrieved 15 February 2013.