Stryker seeks to expand overseas

by Loren Bonner, DOTmed News Online Editor | January 07, 2013

News sources on Friday reported that medical device firm Stryker plans to expand into markets outside of the U.S.

Kevin Logo, president and CEO of the Kalamazoo, Michigan-based company, told an audience at the J.P. Morgan Healthcare Conference in San Francisco this week that the company wants to boost its non-U.S. sales by expanding into emerging markets and revamping its European business.

Before the end of 2012, Stryker announced that it was laying off 5 percent of its workforce due to the 2.3 percent medical device tax, which went into effect Jan. 1, 2013.

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