Zimmer completes combination with Biomet

Zimmer Holdings, Inc. has completed its acquisition of Biomet in a cash and equity transaction valued at US$14.0 billion.

In connection with the combination, Zimmer has changed its corporate name to Zimmer Biomet Holdings, Inc. Additionally, the Company unveiled its new tagline - “Your progress. Our promise.” - which underscores the Company’s longstanding commitment to helping people live better lives. Zimmer Biomet will be a leading innovator in the $45 billion musculoskeletal healthcare market. With substantial investments in research and development, a deep commitment to medical training and education, a highly experienced and knowledgeable global team and a collaborative, personalised approach to working with healthcare professionals, the Company will develop and introduce cutting edge musculoskeletal products and services designed to achieve exceptional patient outcomes. Zimmer Biomet’s expanded sales force will also be increasingly effective in all geographies by having access to a broader portfolio.