Synthes** Net Worth is7.8 12-Month Sales Growth (%)
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Company Name: Synthes Holding AG
Company Logo: Image:Synthes.svg
Company Type: Aktiengesellschaft
Traded As: SYST
Foundation: 1999
Location: Solothurn, Switzerland (corporate), West Chester, Pennsylvania, Pennsylvania, United States (operational)
Key People: Hansjörg Wyss (Chairman), Michel Orsinger (President and chief executive officer)
Industry: Health care
Products: Physical trauma, Vertebral column, Craniofacial surgery, human mandible and chest Implant (medicine), medical power tools, biomaterials
Revenue: United States dollar3.687 billion (2010) Operating Income: US $1.283 billion (2010) Net Income: US $907.7 million (2010) Assets: US $7.924 billion (end 2010) Equity: US $6.739 billion (end 2010) Num Employees: 11,430 (end 2010) Homepage: []
Intl: yes
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, and also produces surgical power tools and advanced biomaterials. Synthes is controlled by chairman, former CEO and largest shareholder HansjA?rg Wyss, who is ranked 121st on the 2010 Forbes list of richest people in the world. The company's shares are listed on the SIX Swiss Exchange and the firm is a constituent of the SMI index.
Synthes was originally established in 1960 as a trademark of the non-profit institute Arbeitsgemeinschaft fA 1/4 r Osteosynthesefragen (English: Association for the Study of Internal Fixation, AO/ASIF), which was applied to internal fixation implants produced under licence by its industrial partners, Straumann Group and Mathys Medizinaltechnik. In 1975 Synthes USA, a firm founded by Harvard graduate HansjA?rg Wyss, became the third company to form an alliance with AO/ASIF, while Straumann and Mathys expanded their coverage around the rest of the world throughout the decade.
In 1990 Straumann spun off its implant business into a separate privately owned company, Stratec Medical. Stratec partially listed its shares on the SWX Swiss Exchange through an initial public offering six years later, while Synthes USA and Mathys remained in private hands. Three years later, however, Stratec and Synthes USA merged to form a new publicly-traded company named Synthes-Stratec. After the merger HansjA?rg Wyss became, and remains today, the majority shareholder of the enlarged company. The third of the original AO/ASIF partner companies, Mathys, sold its osteosynthesis department to Synthes-Stratec in 2004, although the firm's German division was divested to satisfy competition authorities. The company subsequently dropped the "-Stratec" suffix to become simply Synthes. The company's shares were added to the bench

Synthes** Latest News

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