M&A Deal Summary

Zimmer Biomet Holdings Acquires Abbott Spine

On October 16, 2008, Zimmer Biomet Holdings acquired medical products company Abbott Spine from Abbott Laboratories for 360M USD

Acquisition Highlights
  • This is Zimmer Biomet Holdings’ 3rd transaction in the Medical Products sector.
  • This is Zimmer Biomet Holdings’ 3rd largest (disclosed) transaction.
  • This is Zimmer Biomet Holdings’ 3rd transaction in the United States.
  • This is Zimmer Biomet Holdings’ 1st transaction in Texas.

M&A Deal Summary
Date 2008-10-16
Target Abbott Spine
Sector Medical Products
Buyer(s) Zimmer Biomet Holdings
Sellers(s) Abbott Laboratories
Deal Type Divestiture
Deal Value 360M USD

Target

Abbott Spine

Austin, Texas, United States
Abbott Spine is an innovator in spinal implant technology. We offer a broad range of industry-leading and technologically advanced devices for neck and back surgery. In addition to our diversified spinal fusion product line, we develop next-generation technologies that are less invasive and intervene earlier in a patient’s continuum of care. Our mission is to work with surgeons and specialists worldwide to advance the art and science of spine surgery.

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Buyer(S) 1

Buyer

Zimmer Biomet Holdings

Warsaw, Indiana, United States
Category Company
Founded 1927
Sector Medical Products
Employees18,000
Revenue 7.4B USD (2023)
DESCRIPTION

Zimmer Biomet Holdings is a designer, developer, manufacturer of orthopaedic reconstructive, spinal and trauma devices, dental implants, and related orthopaedic surgical products. Zimmer Biomet Holdings was founded in 1927 and is based in Warsaw, Indiana.

DEAL STATS #
Overall 6 of 25
Sector (Medical Products) 3 of 17
Type (Divestiture) 2 of 2
State (Texas) 1 of 2
Country (United States) 3 of 17
Year (2008) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 ORTHOsoft

Montreal, Quebec, Canada

ORTHOsoft develops and markets best-in-class medical software, instruments and computerized systems designed to help orthopaedic surgeons increase accuracy in hip, knee and spine implant surgery. ORTHOsoft's FDA-approved patented software solutions are developed by surgeons for surgeons, resulting in intuitive and easy-to-use navigation that tracks surgical flow and provides surgeons with real-time data, thus helping to improve the surgical process and patient outcomes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Beijing Montagne Medical Device

Beijing, China

Beijing Montagne provides services in hips, knees and powered surgical instruments.

Buy -

Seller(S) 1

SELLER

Abbott Laboratories

North Chicago, Illinois, United States
Category Company
Founded 1888
Sector Medical Products
Employees114,000
Revenue 40.1B USD (2023)
DESCRIPTION
Entrance to Abbott's corporate campus in Abbott Park, Illinois.
Entrance to Abbott's corporate campus in Abbott Park, Illinois.

Abbott Laboratories is a diversified, global provider of diagnostics, medical devices, nutrition and pharmaceuticals. Abbott Laboratories was incorporated in 1888 and is headquartered in North Chicago, Illinois.

DEAL STATS #
Overall 2 of 8
Sector (Medical Products) 1 of 5
Type (Divestiture) 1 of 6
State (Texas) 1 of 1
Country (United States) 2 of 7
Year (2008) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-31 Nova Science

Dublin, Ireland

Nova Science was established in 1999 by Jim Coleman, the previous founder of Chiroxia. Mr. Coleman, a vascular surgeon, has been a senior medical director of various multinational firms including Tyco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-06 Ibis Biosciences

Carlsbad, California, United States

Ibis Biosciences, Inc. is a molecular diagnostics business.

Buy $175M
Mergr

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