Stryker and Trauson Holdings

The deal: Stryker acquires Trauson Holdings
The price tag: $764 million

Why it matters: Stryker ($SYK) appears twice on our list because it pursued two major M&A transactions in 2013. In addition to Mako Surgical, Stryker also snatched up Trauson Holdings in a bold purchase that instantly gave it a major foothold in China's orthopedics industry. Trauson, which posted $60 million in sales in 2011, is China's biggest maker of trauma devices and specializes in reconstructive devices like pelvic plates and artificial joints. China is rapidly modernizing its healthcare system and, with the world's largest population, is considered a crucial market for medical device companies seeking to expand. It is widely perceived that device companies have a better chance of growth in China if they have a large local presence, and Trauson gives Stryker a large R&D arm and a local distribution network already in place.

For more:
Stryker closes $764M deal for Chinese ortho giant
Recall charges drag down Stryker's strong Q4 sales
For device and Dx companies, there's no turning back from China
Stryker to buy Chinese orthopedics biz for $764M

Stryker and Trauson Holdings
Read more on