Zimmer Biomet Completes Acquisition of Monogram Technologies

Zimmer Biomet to Acquire OrthoGrid Systems

August 7, 2024

Medical Devices

Zimmer Biomet Holdings, Inc. has signed a definitive agreement to acquire OrthoGrid Systems, Inc., a privately held medical technology company focused on AI-driven surgical guidance for total hip replacement. The deal adds OrthoGrid’s Hip AI fluoroscopy-based surgical assistance platform, two additional FDA-cleared orthopedic applications, and more than 40 patents, and is expected to close by the end of Q4 2024 subject to customary conditions.

Zimmer Biomet Acquires A&E Medical Corporation

December 1, 2020

Medical Devices

Zimmer Biomet completed the acquisition of A&E Medical Corporation from private equity owner Vance Street Capital for $250 million. A&E Medical, headquartered in Farmingdale, New Jersey, is a designer and manufacturer of sternal closure systems, cardiac pacing wires and related disposable surgical products; the deal expands Zimmer Biomet's capabilities and product portfolio in cardiovascular and cardiothoracic surgical devices.

Zimmer Biomet to Acquire Paragon 28 (HSR Waiting Period Expires)

March 11, 2025

Medical Devices

Paragon 28 announced the expiration of the HSR Act waiting period for its previously announced acquisition by Zimmer Biomet. The companies still expect to complete the proposed merger in the first half of 2025, subject to other customary closing conditions including Paragon 28 stockholder approval and additional regulatory approvals.

Zebra Technologies Acquires Matrox Imaging

June 6, 2022

Manufacturing

Zebra Technologies announced the acquisition of Matrox Imaging (Matrox Electronic Systems Ltd.), a developer of machine vision hardware and software, for $875 million to broaden its industrial machine vision and automation offerings. The deal expands Zebra’s software, machine learning and fixed industrial scanning capabilities and is expected to close in 2022 after customary approvals.

Insurance Technologies Acquires MyMedicareBot

September 19, 2022

Software

Insurance Technologies, a Colorado Springs-based provider of sales and regulatory automation solutions for the life and annuity industry, has acquired MyMedicareBot, a Santa Ana-based Medicare distribution software company. The acquisition extends Insurance Technologies' quoting and application capabilities into Medicare quoting, enrollment and analytics; terms were not disclosed.

Cyrus Biotechnology Acquires Orthogonal Biologics and Raises $18M Series B

December 6, 2021

Biotechnology

Cyrus Biotechnology completed an acquisition of Orthogonal Biologics and closed an $18 million Series B financing to build an integrated software-and-screening pre-clinical biologics discovery firm. The financing was led by a syndicate including OrbiMed Advisors, Trinity Ventures, Agent Capital and other investors, with Selecta Bioscience joining as a strategic investor; the acquisition brings Orthogonal’s deep mutational scanning protein engineering capabilities into Cyrus’s computational discovery platform.