Acquiring Company
Zimmer
Acquired Company
HopGrade
WarsawAustinManufacturingInformation TechnologyBiotechnologyHealth CareArtificial IntelligenceMedicalMedical Devicemedical devicesInformation TechnologyDescription
Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced that it has reached a definitive agreement to acquire Embody, Inc., a privately-held medical device company focused on soft tissue healing, for $155 million at closing and up to an additional $120 million subject to achieving future regulatory and commercial milestones over a three year period. The acquisition is expected to be accretive to overall revenue growth and slightly dilutive to adjusted earnings per share in 2023.
Quick answer
Zimmer is acquiring HopGrade, announced January 5, 2023. Zimmer is based in Warsaw, Indiana, United States.
- How much did Zimmer pay for HopGrade?
- The deal value was not disclosed.
- What does Zimmer do?
- Zimmer, Inc. is a subsidiary of Zimmer Biomet Holdings, Inc., specializing in orthopedic reconstructive products and related services.
- Where are Zimmer and HopGrade based?
- Zimmer is based in Warsaw, Indiana, United States. HopGrade is based in Austin, Texas, United States.
- Who are the decision-makers at Zimmer?
- Fundz holds 2 contacts at Zimmer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Medical and Medical Device
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Kymanox Acquires Eu Based Anteris Medical And Anteris Helvetia (February 2, 2023)
- Cultivate(Md) Capital Funds Announces Portfolio Company Embody'S Acquisition By Zimmer Biomet Holdings, Inc. (January 10, 2023)
- Shockwave Medical To Acquire Neovasc (January 17, 2023)
- Shockwave Medical Announces Agreement To Acquire Neovasc (January 17, 2023)
- Boston Scientific Announces Strategic Investment To Acquire Majority Stake Of Acotec Scientific Holdings Limited (December 11, 2022)
- Bayer Acquires Blackford Analysis Ltd. Bolstering The Company’S Position In Digital Medical Imaging (January 18, 2023)
Who to call at Zimmer, and when
When Zimmer changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Zimmer raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Zimmer, from your own LinkedIn network
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Frequently asked
Who acquired HopGrade?
HopGrade was acquired by Zimmer, based in Warsaw. The deal was reported on January 5, 2023. Zimmer, Inc. is a subsidiary of Zimmer Biomet Holdings, Inc., specializing in orthopedic reconstructive products and related services. Zimmer is publicly traded (ZBH) and operates in Manufacturing.
When did Zimmer acquire HopGrade?
Zimmer's acquisition of HopGrade was reported on January 5, 2023. Zimmer Biomet Holdings, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HopGrade do?
hOp is a hyper-localized community-building platform that helps neighbors communicate with each other. The company's platform allows for the curation of a customized online community with 5 times the reach of existing social media platforms. It is privately held, operating in Information Technology, and is based in Austin.
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