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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