Zimmer Biomet Acquires Embody for $150m

Zimmer Biomet Holdings, Inc., a $8.0b maker of orthopedic reconstructive products is acquiring Embody, Inc., a developer of collagen implants for repairing tendons, ligaments and torn rotator cuffs.  The acquisition builds Zimmer Biomet’s sports medicine offerings after it spun-off its dental and spine operations into Zimvie, a separate, publicly-traded company in March 2022.  Deal value - $155m plus $120m in milestones.

Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare Mergers, Medical Devices; Surgical Instruments; Orthopedic implants