Zimmer completes Can$50m ORTHOsoft swoop:
This article was originally published in Clinica
Executive Summary
Zimmer has been successful in its acquisition of ORTHOsoft after acquiring 91% of the computer-assisted surgery (CAS) specialist's shares. The deal, which is expected to close in November, will see Zimmer purchase all outstanding shares for Can$1.10 ($1) per share, a total value of Can$50m. ORTHOsoft (Montreal, Canada) will provide Zimmer with its complementary technology designed to increase accuracy in hip, knee and spine implant surgery. The company will be integrated with Zimmer's existing CAS business but will maintain its operating facility in Montreal.