Mahwah medical technology company to acquire Instratek assets

Stryker, a medical technology company based in Mahwah, has agreed to acquire the assets of Restore Surgical LLC, dba Instratek, it announced Wednesday.Instratek is based in Houston, Texas, and offers implants and minimally invasive soft tissue recession instrumentation for foot, ankle and upper extremity procedures.

“This acquisition supports our commitment to growth in extremities with products that complement our existing portfolio, strengthen our leadership in the forefoot segment and provide immediate access into minimally invasive soft tissue recession procedures,” David Floyd, group president, orthopaedics, said in a prepared statement.

The deal is expected to close in the fourth quarter of 2016. Financial terms were not disclosed.