Here’s what you need to know:
1. Fourth quarter sales topped $2 billion, an increase of 3 percent compared to the fourth quarter on 2016. Zimmer Biomet’s fourth quarter net earnings totaled $1.25 billion.
2. Zimmer Biomet reported $7.82 billion in full-year 2017 sales, a 1.8 percent increase over the prior year. Net earnings for the full year grew to $1.8 billion.
3. The company reported a 1.5 percent increase in its fourth quarter spine sales, reaching $194 million in the fourth quarter.
4. Full-year 2017 spine sales reached $759 million, representing a 14.7 percent increase from 2016 sales.
5. Zimmer Biomet anticipates revenues in the first quarter of 2018 between $1.95 billion and $1.99 billion.
More articles on devices and implants:
Dr. Michael Ries publishes book on inventing new hip, knee replacement devices — 5 highlights
4 new spine, orthopedic device launches & releases — Jan. 29, 2018
Zimmer Biomet transfers Puerto Rican employees to Indiana HQ: 3 things to know
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.
