New Ortho Juggernaut: Zimmer Acquires Biomet For $13.35 Billion

Zimmer has agreed to buy Biomet by the first quarter of 2015, furthering the trend of consolidation in the $45 billion orthopedic device industry. The companies had combined revenues of $7.8 billion in 2013.

Zimmer Biomet Holdings Inc. will significantly expand its stake in the global musculoskeletal industry with its planned $13.35 billion acquisition in cash and stock of Biomet Inc., announced April 24.

Based on 2013 numbers, the combined sales of the merged companies are about $7.8 billion annually – $4.62 billion from...

More from Archive

More from Medtech Insight