Here are five things to know:
1. The transaction’s financial terms were not disclosed.
2. Cayenne Medical develops and markets soft tissue repair and reconstruction solutions for conditions of the knee, shoulder and extremities.
3. Zimmer Biomet expects its Cayenne Medical acquisition to strengthen its sports medicine capabilities and portfolio of soft tissue reconstruction solutions.
4. Zimmer Biomet reported net sales of $1.9 billion in the first quarter of 2016.
5. Zimmer Biomet’s knees category saw net sales of $703.3 million in the first quarter of 2016. The hips category saw net sales of $467.9 million and the spine and CMF category had net sales reach $141.2 million.
More articles on devices:
4 things to know about the global orthopedic bone cement & casting materials market
Vertebral Technologies launches pedicle screw system: 5 key notes
Benjamin Hutson joins Breg as VP of operations — 5 notes
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
