Zimmer Biomet to Acquire OrthoGrid Systems
August 7, 2024
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.
- Buyers
- Zimmer Biomet Holdings, Inc.
- Targets
- OrthoGrid Systems, Inc.
- Industry
- Medical Devices
- Location
- Utah, United States
- Transaction Type
- Buyout
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