Stryker boosts bone implants with $4 billion Wright Medical buyout
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(Reuters) - Medical device maker Stryker Corp said on Monday it would buy smaller rival Wright Medical Group for about $4 billion (£3.1 billion) in cash, to gain access to the fast-growing upper-body joint implants business.Wright Medical, which recorded sales of $836 million last year, is among the top makers of implants to treat upper-body joint injuries such as in shoulder or wrist, as well as lower body including in foot and ankle.Wells Fargo analyst Larry Biegelsen said the deal would..