Lima Corporate to Acquire Zimmer and Biomet Reconstruction Lines (HealthPointCapital)
Lima Corporate entered into an agreement to acquire Zimmer’s Unicompartmental High Flex Knee (ZUK) and Biomet’s Discovery Elbow systems within the European Economic Area (EEA) and Switzerland, as well as Biomet’s Vanguard Complete Knee System in Denmark and Sweden.
This transaction is a result of the European Commission’s (EC) conditional clearance of Zimmer’s proposed acquisition of Biomet, which requires Zimmer to divest a knee-implant business in the EEA, and Biomet to sell an elbow-implant unit in the EAA, and a knee-implant business in Denmark and Sweden.
The EC approved Lima Corporate as a suitable buyer and the transaction will become effective after the merger between Zimmer and Biomet has been closed.
The deal provides Lima entry into the unicompartmental knee and elbow replacement segments and helps expand the company’s proprietary Physica total knee system.