Zimmer Biomet Buys Sternal Closure Company A&E Medical
The $250m deal adds A&E Medical’s sternal sutures, cable systems, and rigid fixation systems to Zimmer Biomet’s Dental, Spine & Craniomaxillofacial and Thoracic business.
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The major orthopedic device makers saw sharp sales declines during the second quarter and remain cautiously optimistic for the rest of 2020.
The orthopedics company has created an independent non-profit structure for Movement is Life, Inc., the philanthropic, multi-disciplinary coalition that it founded in 2010. The coalition’s mission is to improve musculoskeletal health for women, underserved racial and ethnic groups, and people living in rural communities.
The company will invest $62.5m for a new manufacturing and supply chain facility in Johns Creek, GA – about 30 miles northeast of Atlanta in Fulton County, according to Georgia Governor Brian Kemp.