Zimmer Biomet Acquires OrthoGrid Systems

August 7, 2024

Zimmer Biomet signed a definitive agreement to acquire OrthoGrid Systems, a privately held developer of AI-driven, fluoroscopy-based intraoperative surgical guidance systems for total hip replacement. The deal expands Zimmer Biomet’s hip portfolio with OrthoGrid’s Hip AI platform, two additional FDA-cleared orthopedic applications and an IP portfolio of over 40 patents; the transaction is expected to close by Q4 2024 pending customary conditions.

Buyers
Zimmer Biomet Holdings, Inc.
Targets
OrthoGrid Systems, Inc.
Industry
Medical Devices
Location
Utah, United States
Transaction Type
Buyout

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