Mega-Deals In Orthopedics: Size Matters
Executive Summary
With the surprise announcement that Zimmer, the number three player, will acquire Biomet, the number five player, in a transaction valued at $13 billion, a transformation in the orthopedic industry is underway. Most of the major orthopedic manufacturers are primed with a war chest of cash to make acquisitions for future growth, and as health care reform unfolds, companies are positioning themselves to compete in a changing world where “bigger is better.”