‘Not a surprise’ Stryker didn’t renew local office space, experts say
Even though Stryker chose not to renew an office-space lease, experts say the medical-device industry remains strong in Memphis.
There are 5 article(s) tagged Greater Memphis Medical Device Council:
Even though Stryker chose not to renew an office-space lease, experts say the medical-device industry remains strong in Memphis.
Chris Locke’s tenure at St. Francis Hospital-Bartlett is expected to help in his role as executive director of the Greater Memphis Medical Device Council.
A new report shows the Greater Memphis area’s medical device industry, which has a nearly $4.1 billion yearly impact on the local economy, added nearly 2,000 jobs and grew its economic output by $1.4 billion since 2015.
Stryker has extended for a third time its tender offer to buy Memphis-grown medical device maker Wright Medical. The new deadline is Aug. 31.
Locally, experts say Wright's dominance and growth in the extremities market will make Stryker pause when considering major staffing cuts any time soon.
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