Mako Surgical (MAKO.DL) has been one of the most controversial stocks in the medical device space over the last two years. Shares have plunged more than 50% over this time span, and the company hasn't been able to become profitable. Today, however, some shareholders may be smiling at the company's reversal of fortune.
In a surprising move that caught many investors by surprise, medical device specialist Stryker (SYK 0.09%) announced that it will acquire Mako for a hefty $1.65 billion. Health care analyst Max Macaluso has details on this deal in the following video.
