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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