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  "documentTitle": "Stryker Corp. (SYK)",
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  "authorName": "Ben Axler",
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      "kind": "callout",
      "text": "Recall earlier in our analysis of the Wright Medical acquisition that we identified revenue contribution anomalies. Stryker's Orthopaedics segment had two acquisitions close in Q4 2020: Wright Medical (Nov) and OrthoSensor (Dec). Based on Stryker's reporting, the segment had $126 million of contributions from acquisitions. Yet, elsewhere it reported $129.2 million of revenue just from Wright Medical alone. Internet sources estimate that OrthoSensor had between $10 - $32 million in revenue.(1) While it may be negligible, it suggests some revenue should have been contributed in 2020. Given this discrepancy, we decided to take a closer look into OrthoSensor.",
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      "text": "Ortho also includes the OrthoSensor acquisition In December 2020: \"We completed the acquisition of OrthoSensor, Inc. (OrthoSensor). OrthoSensor is a leader in the digital evolution of musculoskeletal care and sensor technology for total joint replacement. OrthoSensor is part of our Joint Replacement business within Orthopaedics\"",
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      "text": "Recall earlier in our analysis of the Wright Medical acquisition that we identified revenue contribution anomalies. Stryker's Orthopaedics segment had two acquisitions close in Q4 2020: Wright Medical (Nov) and OrthoSensor (Dec).",
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      "text": "Revenue Contribution: $126",
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      "text": "We completed the acquisition of OrthoSensor, Inc. (OrthoSensor). OrthoSensor is a leader in the digital evolution of musculoskeletal care and sensor technology for total joint replacement. OrthoSensor is part of our Joint Replacement business within Orthopaedics — Stryker Corp.",
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      "text": "Source: FY 2020 Stryker Press Release; 2020 10-K - Item 9A, page 37",
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      "text": "Wright's Sales And EBT Contribution table",
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      "text": "A Closer Look At OrthoSensor",
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