ROSA features a robotic arm with six degrees of freedom, advanced haptic capability, and a non-invasive and touch-free registration system.The ROSA Spine system, meanwhile, achieved recently a milestone 100 minimally invasive spinal surgeries performed. "We expect Zimmer Biomet's industry-leading position to enable Medtech's innovative minimally invasive surgical robots to reach a much greater number of patients suffering from neurological and spine disorders globally," added Yu.Medtech says its ROSA robot is currently used in 20 hospitals in Europe, North America, Asia, and the Middle East. The firm is headquartered in Warsaw, Indiana, where it is part of the medical devices business cluster. "This acquisition of Medtech by Zimmer Biomet is a powerful validation of the innovative technologies – and an impressive global commercial footprint – of the Company under the leadership of its Founder and CEO, Bertin Nahum," said Frank Yu, Founder, CEO and CIO … The acquisition strengthens the Company's recently announced Zimmer Biomet Signature Solutions commercial offering by integrating a comprehensive, at … Get the latest industry news and expert insights delivered straight to your inbox! Contact Us. Zimmer Holdings acquired Biomet in 2015. Get the latest industry news and expert insights delivered straight to your inbox! The company is supported by the efforts of approximately 18,200 employees worldwide. Our innovations help treat patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues. At Zimmer Biomet, we pursue exceptional outcomes. These forward-looking statements speak only as of the date of this communication. Following the $14 billion merger, ZBH has deployed approximately $1.5 billion on eight M&A (merger and acquisition) deals… Piper Sandler analyst M. O’brien now forecasts that the medical equipment provider will post earnings of $0.72 per share for the quarter, up from […] The draft documentation relating to the public offer will include the terms and conditions of the offer and will be subject to review by the Autorité des marchés financiers (AMF). Zimmer Biomet Team Members share the singular purpose of working to restore mobility and improve the quality of life for patients around the world. Following the completion of the acquisition, the chief executive officer now owns 54,568 shares in the company, valued at approximately $6,166,184. The resulting vacancies on Medtech’s board of directors, as well as a fourth vacancy created earlier this year following the resignation of a representative of Newfund, have been filled by four representatives of Zimmer Biomet.Subject to the terms of the agreement between the parties, Zimmer Biomet intends to continue operations of Medtech at the current headquarters in Montpellier, and also intends that this location become a center of excellence for the purchaser’s robotic development activities. Jun 29, 2020. Zimmer Biomet Announces Webcast and Conference Call of Second Quarter... View All News Events. The offer will only be opened after the AMF has granted its clearance. Zimmer Biomet is entering the burgeoning surgical robotics market through the acquisition of French company Medtech SA, developer and maker of the ROSA robotic device for neurological and spine procedures.Under the deal, Zimmer buys almost 59 percent of the outstanding share capital of Medtech from founder Bertin Nahum and other stockholders, as well as all outstanding convertible bonds and warrants previously issued by Medtech to private equity firm Ally Bridge Group, "This acquisition of Medtech by Zimmer Biomet is a powerful validation of the innovative technologies – and an impressive global commercial footprint – of the Company under the leadership of its Founder and CEO, Bertin Nahum," said Frank Yu, Founder, CEO and CIO of Ally Bridge Group, Nahum will retain his leadership role and will head Zimmer's robotic development activities at a "center of excellence," which is Medtech's current headquarters in Montpellier, France. This communication contains forward-looking information related to Zimmer Biomet, Medtech and the acquisition of the outstanding share capital of Medtech by a wholly-owned subsidiary of Zimmer Biomet that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Zimmer Biomet Holdings Inc. announced the completion of its previously announced acquisition of Cayenne Medical Inc. Based in Scottsdale, Ariz., Cayenne Medical designs, develops and …
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