Orthopedics giant Zimmer Holdings (NYSE:ZMH) acquired Memphis, Tenn.-based ExtraOrtho Inc. and its external fixation system XtraFix.
The XtraFix system is used after breaks or fractures for unilateral and multilateral fixation of bones. The acquisition strengthens Zimmer’s stake in the $5.5 billion global trauma market.
Medtronic Inc. (NYSE:MDT) named GE Healthcare’s former chief, Omar Ishrak, to take over from chairman and CEO William Hawkins, effective June 13.
The news from the Fridley, Minn.-based medical device behemoth came just one day after rival Boston Scientific Corp. (NYSE:BSX) announced that CEO J. Raymond Elliott will be retiring at the end of the year.