Here are four points:
1. Both the stock price jumps come on the heels of major acquisition news regarding the two companies.
2. Zimmer Biomet announced its acquisition of LDR for $1 billion Tuesday. The acquisition helps Zimmer Biomet establish a global spine market footprint, especially in the cervical disc replacement and minimally invasive surgery segments.
3. NuVasive entered into a definitive agreement to acquire Biotronic NeuroNetwork for $98 million in cash Monday. Biotronic is a provider of intraoperative neurophysiological monitoring services.
4. M&A activity in the medical device market is ramping up with Medtronic announcing its acquisition of Responsive Orthopedics, a start-up focusing on knee and hip devices, on June 8.
More articles on devices:
Stryker’s SurgiCount Safety Sponges used in 10M procedure: 5 things to know
Ronda Stryker sells 12k company shares: 4 points
NuVasive to acquire Biotronic for $98M: 6 things to know
