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New Ortho Juggernaut: Zimmer Acquires Biomet For $13.35 Billion

This article was originally published in The Gray Sheet

Executive Summary

Zimmer has agreed to buy Biomet by the first quarter of 2015, furthering the trend of consolidation in the $45 billion orthopedic device industry. The companies had combined revenues of $7.8 billion in 2013.

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