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Zimmer Biomet Holdings, Inc. (ZBH)

  • Wed, Jun. 24, 2:04 PM
    • Smith & Nephew (SNN +0.2%) acquires Zimmer Holdings' (ZMH +1.2%) Unicompartmental High Flex Knee business in the U.S., including all existing inventory and certain intellectual property. Financial terms are not disclosed.
    • The device is indicated as an early intervention for patients with unresolved medial or lateral compartmental arthritis.
    | Wed, Jun. 24, 2:04 PM | Comment!
  • Mon, Mar. 30, 9:19 AM
    • The European Commission (EC) conditionally approves Zimmer Holdings' (NYSE:ZMH) acquisition of Biomet. The EC's clearance is conditional on Zimmer selling certain assets comprising the remedy package previously submitted to the EC which includes the divestment of its Unicondylar Knee implant and Biomet's Discovery Elbow business in the European Economic Area (EEA) and Biomet's Vanguard Total Knee system in Denmark and Sweden.
    • Zimmer expects to close the transaction next month. The approval of the U.S. Federal Trade Commission is pending.
    | Mon, Mar. 30, 9:19 AM | Comment!
  • Tue, Feb. 10, 8:18 AM
    • Zimmer Holdings (NYSE:ZMH) follows up with a revised remedy package to the one it originally submitted to the European Commission (EC) in December to address the EC's comments based on its market test of the original plan. The company says that it is pleased and encouraged with the progress to date regarding the regulatory process required to approve its acquisition of Biomet.
    • Although, the formal deadline for the EC's decision has been reset to May 26 of this year, Zimmer continues to expect the transaction to close this quarter.
    • Previously: Zimmer proposes remedy package to European regulators (Dec. 4, 2014)
    • Previously: Zimmer to acquire Biomet for $13.35B (April 24, 2014)
    | Tue, Feb. 10, 8:18 AM | Comment!
  • Dec. 4, 2014, 10:37 AM
    • In an effort to facilitate its approval of its planned acquisition of Biomet, Zimmer Holdings (ZMH -0.1%) proposes a remedy package to the European Commission (EC). It includes the divestiture of one unicompartmental knee brand and one elbow brand in the European Economic Area (EEA) and one total knee brand in two EEA countries.
    • The EC will market test the remedy package in the coming days. Meanwhile, it has "stopped the clock" on its review of the merger. Zimmer expects the transaction to close in Q1 2015.
    • Previously: EC extends review period for Zimmer/Biomet deal (Nov. 18, 2014)
    • Previously: Zimmer to acquire Biomet for $13.35B (April 24, 2014)
    | Dec. 4, 2014, 10:37 AM | Comment!
  • Nov. 18, 2014, 12:22 PM
    | Nov. 18, 2014, 12:22 PM | Comment!
  • Sep. 1, 2014, 10:59 AM
    • Zimmer Holdings (NYSE:ZMH) will hear back from EU antitrust authorities by Oct. 3 over whether or how it will be allowed to pursue its $13.4B takeover of rival Biomet (Pending:BMET).
    • Zimmer originally sought approval in June, but the EU regulator paused the review because the company's submission was lacking details.
    | Sep. 1, 2014, 10:59 AM | Comment!
  • Apr. 24, 2014, 7:43 AM
    • Zimmer (ZMH) says the transaction will "position the combined company as a leader in the $45B musculoskeletal industry," adding that "the complementary nature of the two businesses adds diversity and scale across various geographies and product categories."
    • Zimmer expects the purchase to be "double-digit accretive" to its EPS in the first year after closing, and to boot its cash flow from operations by 1.5 times. The company also forecasts annual synergies of $135M in the first year and $270M by the third year.
    • The combined 2013 revenues of the companies were $7.8B and adjusted EBITDA was $2.8B.
    • Zimmer will pay $10.35B in cash and the rest in shares. The company will help fund the deal with a $3B senior unsecured term loan and newly issued senior notes.
    • Zimmer shares continue to climb and are +11.5%. (PR)
    • Previous
    • Zimmer Q1 earnings
    | Apr. 24, 2014, 7:43 AM | Comment!
  • Jun. 4, 2013, 7:11 AM
    Zimmer Holdings (ZMH) acquires German-based NORMED Medizin-Technik - a provider of technologies for the foot and ankle, and hand and wrist reconstruction and trauma markets - for an undisclosed price. (PR)
    | Jun. 4, 2013, 7:11 AM | Comment!
  • Jan. 12, 2012, 6:40 PM
    Zimmer (ZMH) acquires privately held Synvasive Technology for an undisclosed sum. The company says the acquisition will enhance its product portfolio through the addition of Synvasive's StableCut surgical saw blades, as well as the eLibra Dynamic Knee Balancing System for soft tissue balancing.
    | Jan. 12, 2012, 6:40 PM | Comment!
  • Apr. 28, 2011, 10:37 AM
    Johnson & Johnson’s (JNJ -0.9%) newfound dominance of the orthopedic device market from its $21.3B acquisition of Synthes may pressure rivals Zimmer (ZMH +3.3%) and Stryker (SYK +0.2%) to seek purchases of their own among smaller ortho companies. Potential targets: ARTC, BMTI, WMGI.
    | Apr. 28, 2011, 10:37 AM | Comment!
Company Description
Zimmer Biomet Holdings Inc is engaged in designing, manufacturing & marketing orthopaedic reconstructive products; sports medicine, biologics, extremities & trauma products; spine, bone healing, craniomaxillofacial & thoracic products & dental implants.