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Zimmer Holdings, Inc. (ZMH)

  • Apr. 24, 2014, 9:28 AM
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  • 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
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  • Apr. 24, 2014, 7:21 AM
    • Zimmer (ZMH) has agreed to Biomet for $13.35B in cash and stock, with the deal including debt.
    • Zimmer shares are +6.3%. (PR)
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  • Apr. 24, 2014, 7:20 AM
    • Zimmer Holdings (ZMH): Q1 EPS of $1.50 beats by $0.03.
    • Revenue of $1.16B (+1.8% Y/Y) misses by $20M.
    • Press Release
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  • Apr. 15, 2014, 6:25 PM
    • Surgical device maker ConMed (CNMD) is exploring a sale of the company, Reuters reported earlier today, after activist investors late last year took issue with its performance and corporate governance.
    • The company's advisers, BoA Merrill Lynch and Greenhill, reportedly have contacted orthopedic device makers in recent weeks to gauge interest.
    • CNMD has an attractive orthopedics and sports medicine business that could appeal to companies such as Zimmer Holdings (ZMH), Johnson & Johnson (JNJ), Stryker (SYK), Covidien (COV) and Medtronic (MDT).
    • CNMD shares gained 7.2%, rallying from a loss before the report late in the session.
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  • Mar. 5, 2014, 5:15 PM
    • Zimmer Holdings, Inc. (ZMH) declares $0.22/share quarterly dividend, 10.0% increase from prior dividend of $0.20.
    • Forward yield 0.91%
    • Payable April 25; for shareholders of record March 28; ex-div March 26.
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  • Feb. 26, 2014, 9:43 AM
    • Anika Therapeutics (ANIK) surges 41% to $48.67 following the FDA's approval of the company's Monovisc single injection for pain caused by osteoarthritis of the knee.
    • The authorization must feel pretty sweet for Anika - it first applied for approval over four years ago.
    • Summer Street has hiked its price target to $60 a share from a prior PT of $47.
    • "We believe this product will be competitive in a market that is becoming more focused on single-shot injections," Summer Street says.
    • There are 27M people in the U.S. who suffer from osteoarthritis, which occurs when cartilage breaks down in joints, causing pain and stiffness as bones rub together.
    • Sanofi (SNY +0.1%) and Zimmer (ZMH +0.4%) sell rival products.
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  • Jan. 30, 2014, 7:32 AM
    • Zimmer Holdings, Inc. (ZMH): FQ1 EPS of $1.66 beats by $0.04.
    • Revenue of $1.24B (+5.1% Y/Y) beats by $20M.
    • Press Release
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  • Dec. 16, 2013, 8:26 AM
    • Zimmer Holdings, Inc. (ZMH) declares $0.20/share quarterly dividend.
    • Forward yield 0.88%
    • Payable Jan 31; for shareholders of record Dec. 27; ex-div Dec. 24.
    • The board declared to repurchase stock of $1B.
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  • Oct. 24, 2013, 7:23 AM
    • Zimmer Holdings (ZMH): Q3 EPS of $1.25 beats by $0.01.
    • Revenue of $1.07B (+4.8% Y/Y) beats by $0.01B. (PR)
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  • Sep. 9, 2013, 8:19 AM
    • Zimmer Holdings, Inc. (ZMH) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 1.00%
    • Payable Oct. 25; for shareholders of record Sept. 27; ex-div Sept. 25.
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  • Aug. 23, 2013, 11:55 AM
    • Zimmer Holdings (ZMH -0.1%) says it's received FDA 510(k) clearance to market its Patient Specific Instruments Shoulder system to complement its Trabecular Metal Reverse Shoulder system for reverse shoulder arthroplasty procedures.
    • The system uses 3-D visualization software to assist surgeons in creating a customized surgical plan for each patient, and then provides patient-specific surgical instrument guides to facilitate placement of the implant corresponding to the personalized surgical plan.
    • It has been available to a limited number of surgeons in Europe since May, and now with the clearance, it will be available to shoulder surgeons across the U.S.
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  • Jul. 25, 2013, 7:18 AM
    Zimmer Holdings (ZMH): Q2 EPS of $1.43 misses by $0.01. Revenue of $1.17B (+4% Y/Y) beats by $0.02B. (PR)
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  • Jul. 10, 2013, 2:19 PM
    Zimmer Holdings (ZMH +1%) gains today after saying that it's begun distributing its APEX Spine System, a set of implants and instruments designed to correct a broad range of spinal deformities as well as complex and degenerative spinal diseases. Under the terms of a long-term agreement with SpineCraft, Zimmer Spine will exclusively market the APEX Spine System to healthcare organizations across the U.S., Canada, Australia and New Zealand.
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  • Jun. 14, 2013, 7:48 AM
    Zimmer Holdings (ZMH) declares $0.20/share quarterly dividend, in line with previous. Forward yield 1.02%. For shareholders of record June 28. Payable July 26. Ex-div date June 26. (PR)
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  • 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)
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Company Description
Zimmer Holdings Inc designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products. It also provides other healthcare related services.