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Synthes Holding AG (formerly Synthes-Stratec) is a multinational medical device manufacturer based in Solothurn, Switzerland and West Chester, Pennsylvania, United States.It is the world's largest maker of implants to mend bone fractures, [2] and also produces surgical power tools and advanced biomaterials.
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In 2019, the company reported US$1,849.9 million in sales. [1] On January 29, 2003, an accumulation of combustible polyethelene powder caused an explosion at a West rubber-manufacturing plant in Kinston, North Carolina. [3] In 2005, West acquired The Tech Group, Scottsdale, Ariz., [4] and Medimop Medical Projects Ltd., Ra’anana, Israel. [5]
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In March 2017, Bloomberg's database of U.S. tax inversions listed Medtronic and Wright Medical Group (Medtronic's 2015 inversion to Ireland was over $100 billion, while Wright's 2015 inversion to the Netherlands was $3.3 billion), as the only U.S. tax inversions of a U.S. medical device company in history. [70]
Medrad was an American company headquartered in Warrendale, Pennsylvania, until it was purchased by Bayer AG in 2006. [1]It was founded in 1964 [2] by M. Stephen Heilman, a doctor who created the first flow-controlled, angiographic power injector in the kitchen of his home near Pittsburgh, Pennsylvania.