The acquisition complements Stryker's spine business and will make K2M CEO Eric Major president of the division when the deal closes, which is expected in the fourth quarter of this year. Wright Medical was founded in Arlington, Tennessee, in 1950. Provider of drone delivery service designed to instantly deliver medications to health facilities. Zipline, a drone-delivery start-up, is now valued at $1.2 billion, CNBC has learned. ZipLine Medical was founded in 2009 by Amir Belson, M.D. Information on acquisition, funding, investors, and executives for ZipLine (NPCA). According to the company, “Proceeds from the financing will be used to continue worldwide commercialization activities for its Zip Surgical Skin Closure products, and support the launches of ZipStitch, an over-the-counter laceration closure device, and PreLoc Wound Closure for chronic … December 2009: $1.0M: April 2012: $5.0M: January 2014: $4.3M: October … Synergetics is a Missouri-based medical device company, from which Stryker has made previous acquisitions. Medical Acquisition Company, Inc., or M.A.C., is a lien management and medical funding company specializing in third-party liability tort cases such as personal injury, premises liability, and product liability claims. Organized in 1993, M.A.C. ZipLine Medical touted a pair of studies highlighting the positives of its noninvasive Zip surgical skin closure device as an alternative to traditional staples.. and is located in Silicon Valley, with access to a wealth of expertise in medical device research and development . Zipline General Information Description. Use the PitchBook Platform to explore the full profile. Funding History. ZipLine Medical also announced that it closed a Series “B” funding round for $5 million in the third quarter of 2011. Zipline intends to expand its drone delivery services into the U.S. this year, beginning with pilot programs in North Carolina. ZipLine Medical, Inc. develops and commercializes wound closure technology. An example of this is Zipline, an on-demand drone-delivery company that uses aviation technology to distribute medical supplies to healthcare workers in Africa and all over the world. The company's drone-delivery service offers delivering vaccines, medicine, blood and medical supplies to hospitals and health centers, enabling remote consumers to access essential medical products. Zipline Medical has announced that the company has closed on $9 million of new growth financing. 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