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.”
You may also be interested in...
Former ArthroCare CFO Pleads Guilty to Fraud
The former chief financial officer of device manufacturer ArthroCare Corp. pleaded guilty to fraud in a Texas federal court this week. Michael Gluk reportedly took part in a scheme to manipulate stock prices by falsely inflating ArthroCare’s sales.
Beauty Packaging Producers: July Marks Registration Deadline With PRO In Three States
Companies considered producers of single-use packaging in Oregon, Colorado and California must register with Circular Action Alliance, the leading (and currently only) producer responsibility organization, by 1 July 2024 under new state recycling laws.
Metsera Launches As New Obesity Contender Flush With $290m
Clive Meanwell, former CEO of The Medicines Company, will helm the new company, backed by ARCH and other investors. He talked to Scrip about the new venture.