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0 0 0.000623700623700647 0.000623700623700647 0.000103950103950157 0.00899168399168394 0.00103950103950113 0.00207900207900211
Stock impact report

Zimmer acquires Paragon 28 in $1.2bn deal [Yahoo! Finance]

Zimmer Biomet Holdings, Inc. (ZBH) 
Last zimmer biomet holdings, inc. earnings: 2/4 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.zimmerbiomet.com
Company Research Source: Yahoo! Finance
Announced in January, the acquisition is set to widen and bolster Zimmer Biomet's offerings in the foot and ankle orthopaedic area. Leveraging Paragon 28's technology platform, Zimmer Biomet aims to enhance its current portfolios of fracture and trauma, and joint replacement. The transaction creates a dedicated sales channel for the foot and ankle products within the company, utilising Paragon 28's sales organisation. Additionally, the acquisition complements Zimmer Biomet's global presence and current infrastructure, integrating Paragon 28's portfolio to expedite growth both in the US and internationally. It is expected to enhance Zimmer Biomet's weighted average market growth rate (WAMGR) within the approximately $5bn foot and ankle industry, which is rising at a high single-digit rate. The deal also accelerates Zimmer Biomet's entry into the rapidly expanding ambulatory surgery centre (ASC) field. The completion of the acquisition occurred yesterday (21 April), followi Show less Read more
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