Zimmer acquires XtraFix | Acquisitions Roundup
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.
Biomet’s Q1 sales tick up, but losses widen 120 percent | Earnings Roundup
Biomet Inc.’s first-quarter losses widened significantly despite nearly 4 percent top-line growth during the three months ended August 31.
The privately owned orthopedics giant posted losses of $39 million on sales of $665 million during the quarter, up 120.2 percent and 3.7 percent, respectively, over Q1 2011.
Is J&J in the hunt for Boston Scientific? | Acquisitions Roundup
Could the amicable deal between bitter rivals Johnson & Johnson (NYSE:JNJ) and Boston Scientific (NYSE:BSX) over Michael Mahoney leaving J&J to helm BSX signal an upcoming acquisition?
Opinions are divided on Wall Street, with at least one analyst wondering if a deal could be in the works and others casting doubt on the speculation.