Seeking Alpha: Wright Medical And Tornier See A Desirable Partner Choose Another

It may be a little extreme to diagnose the med-tech market with buyout fever, but it's definitely a frequent talking point - particularly in the case of orthopedic extremity companies Wright Medical Group (WMGI) and Tornier (TRNX). While it may be wise advise not to own stocks just for their takeout potential, the reality is that there is a widespread expectation that major orthopedics players will look to these companies as a way of adding some extra growth (extremities markets are growing at double-digits, and likely to continue to do so for several years) and rounding out their product offerings.

A funny thing happened on the way to buyout bliss, though. Stryker (SYK), a particularly acquisitive company in the med-tech space and an ortho player with a glaring lack of extremity exposure, went and bought somebody else - announcing on Monday that it had reached an agreement to acquire privately-held Small Bone Innovations (or SBi). Stryker's move doesn't end the party for Wright Medical or Tornier, but it does cut the list of potential buyers.

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Wright Medical And Tornier See A Desirable Partner Choose Another