The 10 transactions that shaped orthopedics in 2025

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From robotic technology deals to practice network expansions, there were a number of noteworthy acquisitions that went down in the orthopedic industry in 2025. 

Here are 10 transactions that altered the space, as reported by Becker’s this year:

  1. Zimmer Biomet completed its $177 million acquisition of Monogram Technologies, an orthopedic robotics company. 
  2. Baptist Health Medical Group acquired Louisville (Ky.) Orthopaedic Clinic, adding more than 20 orthopedic providers to its network. 
  3. Keensight Capital, a private equity manager, acquired a majority stake in regenerative medtech company Isto Biologics from Thompson Street Capital Partners.
  4. Jackson, Wyo.-based system St. John’s Health became a majority owner of Teton Sports & Spine Imaging, also based in Jackson. Through the agreement terms, the hospital will acquire 70% of the facility for $1.9 million and the remaining 30% will be owned by six local orthopedic surgeons. 
  5. Zimmer Biomet completed its acquisition of Paragon 28, a medical device company in the foot-and-ankle orthopedic sector. 
  6. Charlotte, N.C.-based Novant Health partnered with MedQuest Associates to acquire 18 locations from Charlotte-based OrthoCarolina.
  7. Orthopaedic Solutions Management acquired Orlando (Fla.) Hand Surgical Associates, marking its eighth acquisition.
  8. Medacta acquired Parcus Medical, a company that develops products for sports medicine surgery.
  9. Private equity firm Montagu entered into a definitive agreement to acquire orthopedic device manufacturer Tyber Medical.
  10. New York City-based NYU Langone Health and NYU Langone Orthopedics acquired Rothman Orthopaedics of Greater New York.
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