Stryker Corporation

Stryker Corporation in its acquisition of NOVADAQ Technologies Inc.


Stryker Corporation


US$701 million


Mergers and Acquisitions

Date Closed

September 2017



Lead Office


On September 1, 2017, Stryker Corporation completed the acquisition of NOVADAQ Technologies Inc. for US$701 million. NOVADAQ'S innovative fluorescence imaging technology will expand Stryker’s product offerings into open and plastic reconstructive surgery.

Stryker Corporation is one of the world's leading medical technology companies. Stryker offers a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes and is active in over 100 countries.

NOVADAQ is a leading developer of fluorescence imaging technology that provides surgeons with visualization of blood flow in vessels, and related tissue perfusion in cardiac, cardiovascular, gastrointestinal, plastic, microsurgical, and reconstructive procedures. 

Osler, Hoskin & Harcourt LLP represented Stryker with a team consisting of Jeremy Fraiberg and Alex Gorka (Corporate), Firoz Ahmed and Dov Begun (Tax), Shuli Rodal and Jaime Auron (Competition), Daniel Wong (Employment), Jon Marin (Pensions and Benefits).