Zimmer Announces Acquisition of Synvasive Technology, Inc. (press release)
Zimmer Strengthened by Addition of Innovative Instrumentation Systems and Advanced Surgical Cutting Technology
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that it has acquired Reno, Nevada-based Synvasive Technology, Inc. The acquisition will enhance Zimmer’s product portfolio through the addition of Synvasive’s STABLECUT® surgical saw blades, as well as the eLIBRA® Dynamic Knee Balancing System™ for soft tissue balancing.
“Zimmer is committed to developing the industry’s most innovative range of technologies to support personalized therapies, from improved surgical power equipment to patient specific instrumentation and other intelligent tools that support optimal surgical outcomes,” said Jeff McCaulley, President, Zimmer Reconstructive. “The acquisition of Synvasive Technology further strengthens our surgical resection and advanced instrumentation offerings.”
In the surgical resection market, Synvasive has long been recognized as a leader in surgical cutting tools with its STABLECUT® blades. Synvasive’s eLIBRA® Dynamic Knee Balancing System™ is the premiere soft-tissue balancing solution in the industry. This offering provides patient specific soft-tissue balancing during knee replacement surgery, establishing the optimal position of the femoral implant to enable a less-invasive surgical approach as well as excellent stability, range of motion and patella tracking.
About Zimmer
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants, and related surgical products. Zimmer has operations in more than 25 countries around the world and sells products in more than 100 countries. Zimmer’s 2010 sales were approximately $4.2 billion. The Company is supported by the efforts of more than 8,000 employees worldwide.
About Synvasive Technology
Located in Reno, Nevada, Synvasive Technology, Inc. develops, manufactures and distributes patented and proprietary instruments enhancing reconstructive orthopaedic surgery. For nearly twenty years, Synvasive has been a provider of some of the most advanced surgical cutting technology in the market. Synvasive is the exclusive provider of the patented large bone surgical saw blades, STABLECUT®, an industry gold standard.