Zimmer Biomet (NYSE:ZBH) this week announced it created an independent 501(c)(3) for its philanthropic, multi-disciplinary coalition Movement is Life. The new 501(c)(3) nonprofit organization designation will allow the Warsaw, Indiana-based company to raise awareness of the impact of disparities on chronic disease management and quality of life among women, racial and ethnic minorities and women […]
Zimmer Biomet
Needham & Co. downgrades Medtronic, Zimmer Biomet shares
Needham & Co. Senior Research Analyst Mike Matson today downgraded his rating of Medtronic (NYSE:MDT) and Zimmer Biomet (NYSE:ZBH) shares to Hold, while Boston Scientific (NYSE:BSX) got an upgrade to Buy. MDT shares were down more than 1% to $97.98 apiece in morning trading, a day after Q4 earnings that missed The Street sent the […]
Zimmer Biomet adds ESG and CEO visibility to executive’s duties
Zimmer Biomet (NYSE:ZBH) today announced additional responsibilities for Investor Relations SVP and Chief Communications Officer Keri Mattox. Mattox’s new title at the Warsaw, Indiana-based orthopedics company is chief communications and administration officer. She will be responsible for “building and executing a comprehensive strategy around Environmental, Social and Governance (ESG) initiatives and increasing CEO visibility, engagement […]
Zimmer Biomet narrowly avoids shareholder rebuke on executive pay
An unusually large share of Zimmer Biomet (NYSE:ZBH) investors voted against the orthopedics company’s pay packages for top executives at the annual shareholder meeting. About 54 percent of voting shareholders supported the pay packages of the company’s five top-paid executives at the May 13 meeting, according to results filed with the SEC yesterday. In 2021, nearly 93 […]
Zimmer Biomet appoints new chief accounting officer
Zimmer Biomet (NYSE: ZBH) today announced that it appointed Paul Stellato as VP, controller and chief accounting officer. Prior to joining the Warsaw, Indiana-based company, Stellato was VP of finance and global business services at water tech company Xylem. He has also held numerous leadership roles at ITT Corporation, Arthur Andersen and Ernst & Young. […]
Zimmer Biomet introducing AI for its Omni Suite intelligent operating room
Zimmer Biomet (NYSE: ZBH) this week launched its artificial intelligence (AI) capabilities within its Omni Suite intelligent operating room. The Warsaw, Indiana–based company designed the intelligent OR to optimize surgical workflow and procedural efficiency by automating manual tasks. The newly-released AI feature uses cameras to automatically recognize and timestamp key OR workflow milestones, including patient […]
Thanks, mom! Medtech leaders reflect on Mother’s Day
Everyone has a story about how they got into medtech, and it’s no surprise that many of those stories start with how we were raised. As Mother’s Day approaches, Medical Design & Outsourcing asked medtech leaders to share some thoughts about how their moms inspired their careers, the products they make and the companies they’ve built. We […]
Zimmer Biomet rises on Street-beating Q1, raised guidance
Zimmer Biomet (NYSE:ZBH) shares ticked up today on first-quarter results ahead of the consensus forecast, with ZB upping its 2022 forecast. The Warsaw, Indiana–based company posted profits of $14.2 million, or 7¢ per share, on sales of $1.7 billion for the three months ended March 31, 2022, for a 92.8% bottom-line slide on sales growth […]
ZimVie ticks up on 2021 revenue beat, reaffirms 2022 guidance
ZimVie (NASDAQ:ZIMV) shares rose slightly this morning on full-year 2021 revenues that came in ahead of the consensus forecast. Full-year revenues for the company topped $1 billion, beating Wall Street projections by more than $20 million. The new Zimmer Biomet (NYSE:ZBH) spinoff of its spine and dental businesses posted fourth-quarter losses of $60.7 million on […]
Zimmer Biomet debuts AI to predict post-operative recovery
Zimmer Biomet (NYSE and SIX: ZBH) today launched WalkAI, artificial intelligence that can predict which patients will have lower gait speed 90 days after hip or knee surgery. WalkAI is part of ZBEdge, Zimmer Biomet’s suite of integrated smart, digital and robotic technologies to boost patient outcomes after orthopedic surgeries. The proprietary algorithm behind WalkAI […]
Vafa Jamali has big plans for ZB spinoff ZimVie — but it’ll take time
ZimVie CEO Vafa Jamali sees opportunities for growth in the spine space, including pediatric devices. The efforts, though, will take years for ZimVie (NASDAQ:ZIMV), the new Zimmer Biomet (NYSE:ZBH) spinoff of its spine and dental businesses. That was the big takeaway when MassDevice and Medical Design & Outsourcing caught up with Jamali today, shortly after he rang in the […]
