M&A Deal Summary

Zimmer Biomet Holdings Acquires OrthoGrid

On August 7, 2024, Zimmer Biomet Holdings acquired medical products company OrthoGrid

Acquisition Highlights
  • This is Zimmer Biomet Holdings’ 17th transaction in the Medical Products sector.
  • This is Zimmer Biomet Holdings’ 17th transaction in the United States.
  • This is Zimmer Biomet Holdings’ 1st transaction in Utah.

M&A Deal Summary
Date 2024-08-07
Target OrthoGrid
Sector Medical Products
Buyer(s) Zimmer Biomet Holdings
Deal Type Add-on Acquisition

Target

OrthoGrid

Midvale, Utah, United States
OrthoGrid is a medical technology company that provides intraoperative alignment navigation via procedure-specific musculoskeletal applications for THA, Hip Preservation, and Trauma. Its AI-enabled surgical guidance technology imports images from C-arm image intensifiers to reveal and correct fluoroscopic distortion and helps surgeons achieve desirable and reproducible surgical outcomes. OrthoGrid is based in Salt Lake City, Utah, with research facilities located in Strasbourg, France.

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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 25 of 25
Sector (Medical Products) 17 of 17
Type (Add-on Acquisition) 22 of 22
State (Utah) 1 of 1
Country (United States) 17 of 17
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 A&E Medical

Farmingdale, New Jersey, United States

A&E Medical Corp. is a designer and manufacturer of a high strength sternum closure system along with a wide variety of temporary cardiac pacing wires and extension leads, stainless steel sutures, surgical punches, electrosurgical instruments, and neurosurgical scalp clips. A&E Medical was founded in 1968 and is based in Farmingdale, New Jersey.

Buy $250M
Mergr

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