Zimmer Biomet (NYSE:ZBH) announced today that it launched the Zimmer Biomet Foundation with a $2 million donation to the NAACP. Warsaw, Ind.-based Zimmer Biomet’s foundation is a philanthropic organization seeking to empower diverse and underserved communities, support STEM education, enable community health and provide disaster relief, according to a news release. The Zimmer Biomet Foundation followed […]
Zimmer Biomet
Zimmer Biomet completes A&E Medical acquisition
Zimmer Biomet today said it completed the acquisition of A&E Medical for $150 million in cash at closing and $100 million in cash payable in 2021. Through the deal, Zimmer Biomet is acquiring the company and its complete portfolio of sternal closure devices, including sternal sutures, cable systems and rigid fixation and a range of […]
Zimmer Biomet could pay millions after two hip implant lawsuit losses
A federal judge in Missouri has signed off on a $21 million judgment against Zimmer Biomet (NYSE:ZBH) involving the company’s much-litigated M2a Magnum metal-on-metal hip implant. U.S. District Judge Stephen R. Clark’s sign-off yesterday of the award — $20 million to Mary Bayes and $1 million to her husband Philip Bayes — came a day […]
Depleted hospital capital accounts are requiring medtechs to be `flexible’
As hospitals brace for another surge in COVID-19, medical device companies have to worry about more than temporary reductions in elective surgeries. Hospitals struggling to account for every dollar are beginning to push for new ways to select and pay for new medical technology, particularly large capital items like robotic surgery systems, according to […]
The 20 largest medical device companies in the world
The information in this year’s annual Big 100 rankings of the world’s largest medical device companies is as interesting as ever. The 100 companies on this year’s list had medical device businesses bringing in a whopping $420.5 billion during their most recent fiscal years — a nearly 6% increase from the 2019 Big 100. But […]
How has COVID-19 changed healthcare’s appetite for buying medical devices
This week’s DeviceTalks Weekly Podcast examines medtech’s readiness for the next COVID-19 surge. Hospitals are ready, but their appetite for expensive medical devices has changed, forcing medtech companies to change how they sell or lose out entirely. Justin Cassidy and Henry Soch of Vizient reveal why hospital executives are forced to divert funds away from […]
Zimmer Biomet rises on Street-beating Q3
Zimmer Biomet (NYSE:ZBH) shares ticked up today on third-quarter results that beat the consensus forecast. The Warsaw, Ind.-based company posted profits of $246.1 million, or $1.16 per share, on sales of $1.9 billion for the three months ended Sept. 30, 2020, for a -42.9% bottom-line slide on sales growth of 1.95%. Adjusted to exclude one-time items, […]
How much is COVID-19 affecting procedure volumes for medtech?
UBS Financial Services released a report detailing how it expects medtech procedures to potentially keep dipping during the COVID-19 pandemic. The report highlighted a quicker-than-expected recovery in the second quarter after U.S. hospitals began canceling, delaying and deferring elective procedures in late March as the pandemic took hold. However, UBS still expects third-quarter medical procedures […]
Diversity in medtech: Just 20% of executive roles held by women
Diversity in executive roles in the medical device industry is trending more toward parity, with women holding 2% more C-suite roles in 2020 compared to last year. Just 20% of executives at the 100 largest medical device companies in the world are women, and those companies average 19% female composition in the C-suite, according to […]
12 surgical robotics companies you need to know
Surgical robotics remains a hot area in medtech — even as it faces headwinds from the COVID-19 pandemic. Intuitive Surgical (NSDQ:ISRG) pioneered robotic surgery through the early 2000s and remains the dominant player, but major companies including Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) have big plans to enter the space and compete. Meanwhile, Stryker (NYSE:SYK) has built a […]
The top 5 medtech CEO quotes about COVID-19
The latest earnings season not only provided insights from top medtech CEOs about how the COVID-19 pandemic is changing the industry, but also lessons learned going forward. Here are five top quotes about lessons learned. Next>> DeviceTalks editorial director Tom Salemi contributed to this report.
