Here’s what you should know:
1. Fourth quarter revenue was $2 billion, and full-year sales were $7.9 billion, according to financial results.
2. Hip and knee sales saw year-over-year decreases of 4.6 percent and 0.8 percent respectively in the fourth quarter. Hip revenue in the fourth quarter was $480.7 million and $720 million.
3. Spine and dental sales were $260.7 million, down 4.1 percent from the same time last year.
4. For the full year, hip sales increased 6 percent compared to 2020 and knee sales jumped 11.3 percent. Spine and dental sales rose 12.5 percent.
5. Zimmer Biomet CEO Bryan Hanson said in a news release that COVID-19 surges and hospital staffing shortages affected quarterly sales.
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.