Stryker Corporation, one of the world's leading medical technology companies, announced recently a multi-year collaboration with Indo UK Institute of Health's (IUIH) Medicity Program to serve as a preferred partner in the orthopaedic areas of hip, knee, and trauma products and services. Stryker and IUIH's new relationship will provide greater access to affordable primary joint replacements and other healthcare services to patients in India.
The unprecedented 20-year partnership between Stryker and IUIH, a forward-looking healthcare provider, will create and deliver real value throughout the continuum of orthopaedic care, driven by a combination of Stryker's quality implants and products, streamlined patient pathways and world-class commercial services.
"We are proud to partner with Indo UK Institute of Health to make quality healthcare more accessible and affordable to the people of India, not only through the broad portfolio of products that we offer but also in our commitment to research and medical education," said Kevin A. Lobo, Chairman and Chief Executive Officer.
In addition to its commitment to provide access to its joint replacement and trauma products and technology, Stryker's commitment includes the sponsorship of a post-graduate training and education center on the campus of one of IUIH's medicities and R&D collaboration with Stryker's longstanding Global Technology Center in India.
"The partnership with Stryker is set to redefine the existing paradigms in healthcare industry," said Ajay Rajan Gupta, Managing Director and Group CEO, IUIH. "With predictable orthopaedic spend, improved cash flow and optimized use of technology resources, the agreement with Stryker will enhance IUIH's value in healthcare space in years to come."
Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Stryker is active in over 100 countries around the world. For more information, visit www.stryker.com.
About Indo UK Institute of Health
On November 12, 2015, the United Kingdom Prime Minister, Mr. David Cameron, and the Prime Minister of India, Mr. Narendra Modi, signed a joint statement to support the development of 11 Indo UK Institutes of Health across 11 states in India. The Indo UK Institute of Health project brings the best of National Health Service (NHS) to India to develop a new healthcare ecosystem which is available, affordable, accountable and appropriate to all. Each Indo UK Institute of Health will have a 1,000 bed NHS hospital, a nursing college, medical college, post graduate training center, implant manufacturing unit, eHealth center and accommodation. For more information, visit www.iuih.co.uk.