Zimmer Biomet acquires OrthoGrid Systems
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Key takeaways:
- Zimmer Biomet signed a definitive agreement to acquire OrthoGrid Systems.
- Zimmer Biomet adds the Hip AI platform from OrthoGrid to its hip reconstruction portfolio.
Zimmer Biomet Inc. announced it signed a definitive agreement to acquire OrthoGrid Systems Inc., according to a press release.
The acquisition expands Zimmer Biomet’s portfolio of hip reconstruction offerings with the addition of the Hip AI platform from OrthoGrid, an AI-powered, fluoroscopy-based surgical guidance system.
“OrthoGrid’s AI systems address the rapidly growing market demand for fluoroscopy-based surgical guidance solutions while strengthening our portfolio of hip offerings that drive intraoperative efficiencies and improve the quality of life for patients,” Jim Lancaster, MSc, president of reconstruction and global headquarters executive director at Zimmer Biomet, said in the release. “We pride ourselves on being customer-centric and Hip AI exemplifies our commitment to offer solutions that meet the specific needs of each surgeon.”
“The agreement with Zimmer Biomet, a global leader in orthopedics, will significantly accelerate our shared goal of addressing challenging orthopedic problems with innovative technology solutions,” Edouard Saget, co-founder and co-CEO of OrthoGrid, said in the release.
The acquisition is expected to close by the fourth quarter of 2024, according to the release.
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