Wright Medical Comes In Under Analysts Expectations

13 May 2020

Wright Medical1, the orthopaedic extremities manufacturer- who are set to be acquired by Stryker2 later this year3, reported their Q1 net sales dropped by 5%

Like other medical device manufacturers, Wright Medical reported a significant decline in elective surgeries4 due to the widespread COVID-19 pandemic5

Some have speculated that this drop could allow Stryker to renegotiate with wright Medical6, however Wright have announced a change to their lender’s credit agreement that should see them maintain a minimum liquidity covenant through to May next year7