Stryker buys joint device maker for up to $375M

NEW YORK (AP) — Medical device maker Stryker said Monday it will buy bone and joint replacement maker Small Bone Innovations for up to $375 million in cash.

Stryker said the deal will cost it as much as $285 million after tax benefits. Small Bone Innovations makes products that are used to treat conditions that affect the ankle, fingers, wrist, and elbow. Its main product is the STAR Ankle system, a total ankle replacement device with three pieces =that does not need cement. Stryker said Small Bone Innovations had $48 million in product sales in 2014.