Zimmer Biomet Acquires Colorado Company

Posted: Updated:
WARSAW -

Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) has completed the acquisition of Ortho Transmission LLC, based in Colorado. The financial terms of the deal were not disclosed.

The acquisition includes technology developed by Ortho Transmission for transcutaneous systems for prosthetic limbs, which are meant to improve the mobility of amputee patients. Zimmer Biomet says the deal complements its ongoing collaboration in this field with the U.S. Department of Defense.

"Transcutaneous osseous integrated technology represents a fundamental innovation in limb replacement, and Zimmer Biomet is proud to leverage our musculoskeletal expertise to significantly improve the quality of life of amputee patients living in the United States and around the world," said Todd Davis, vice president & general manager of the global knee business. "This acquisition also perfectly aligns with our broad-based focus on clinically relevant innovations."

The company says it aims to leverage Ortho's designs to offer the technology to patients, starting with a clinical trial. Ortho Transmission General Manager DC Hoffman says Ortho is excited to partner with Zimmer Biomet and accelerate the work on the technology.

  • Perspectives

    • States Can Foster Job Growth if Lifelong Learning is at Play

      The worlds of work and learning are merging in powerful ways, driven by the exponential growth in human knowledge. This means the abilities needed in the workplace go beyond simple “job skills” that can be learned quickly through a short-term training program. I was with Montana Gov. Steve Bullock when he released the newest National Governors Association report, “Governor’s Action Guide to Achieving Good Jobs for All Americans,” at the opening session...

    More

Events



  • Most Popular Stories

    • UPDATE: Nestl√© Details Fort Wayne Layoffs

      Virginia-based Nestlé USA says only 40 employees will be laid off at the company's Fort Wayne distribution center. A spokesperson for Nestlé tells Inside INdiana Business a WARN Notice filed with the state incorrectly stated the facility would close at the end of the year, affecting nearly 70 workers.

    • Scott Kleine is one of the senior interns at Idea Co-op. (photo courtesy of NineStar Connect)

      Senior Interns Shining at Greenfield Coworking Space

      Wednesday was National Senior Citizen Day and three seniors are being celebrated for their contributions at a coworking space in Hancock County. Idea Co-op, which officially opened its doors earlier this year, has taken on three "senior interns" following a chance encounter at a local Kiwanis meeting in December. Jill Snyder, director of economic and business development for Idea Co-op operator NineStar Connect, says the men approached her with the goal of being involved in...

    • Fort Wayne Tops 'Hottest Real Estate Markets'

      Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of Realtor.com declared Fort Wayne as the hottest real estate market in July for the entire country. 

    • (photo courtesy of Wes Mills)

      Ethanol Plant to Stop Production, POET Blames EPA

      Ethanol production at an Indiana biofuels plant will be stopped and the owner blames Environmental Protection Agency policies and the oil refining industry. South Dakota-based POET Energy announced the plant in Cloverdale will be placed in “idle production” within several weeks, though no date has been set. The ethanol producer says 100’s of local jobs will be impacted, but the news release did not specifically mention “layoffs” at this point.

    • (Image courtesy of Horseshoe Casino Hammond.)

      Indiana Casinos to Begin Sports Betting

      A pair of northwest Indiana casinos will soon add sports wagering to their offerings. Horseshoe Hammond Casino and Ameristar Casino East Chicago are both set to open sports betting areas at their respective casinos ahead of the kickoff to the 2019 NFL season.