Rebecca Whitney, President of ZimVie spine.
The President of ZimVie Spine, recently conducted a Q&A session with MedTechDive, prompting me to ponder why anyone would take ZimVie's advice seriously?.
ZimVie's track record in the spine industry has been nothing short of dismal. It begs the question: are people blind to past performance and terrible execution?
Old African saying : ' Be careful when a naked person offers you a shirt '
To shed light on this matter, let's delve into a quantitative analysis, comparing ZimVie's acquisition costs with the company's current valuation.
Let's first examine ZimVie's history of acquisitions:
1. 2008 - Spinal Concepts Acquisition from Abbott for $360 million: This strategic move provided Zimmer Biomet (ZimVie's parent company) with access to Spinal Concepts' innovative product portfolio, which included innovative interbody designs.
2. 2013 - Lanx Acquisition for $147 million: This acquisition expanded Biomet Spine's technology portfolio by incorporating Lanx's innovative products, such as the Timberline® Lateral Approach Fusion System and the Aspen® Minimally Invasive Fusion System. These additions complemented Biome...
