Aug 30, 2018 - Health

Stryker buys device maker K2M for $1.4 billion

Spine x-rays at a hospital.

Spine x-rays. Photo: Jeffrey Greenberg/UIG via Getty Images

Stryker is buying K2M, a company that makes various devices for spine surgeries, for $1.4 billion.

Why it matters: It is another example of low-key but big-money consolidation in health care — this time concentrating market power for spine devices.

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