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.
"The XtraFix technology is one of the most simple and effective solutions for external fixation, and we’re confident that trauma care professionals will welcome this addition to Zimmer’s comprehensive portfolio of external and internal fixation products," said Jeff Paulsen, president of Zimmer Global Businesses in prepared remarks.
Zimmer has been on the warpath this year, suing law firms whose ad campaigns made false and defamatory remarks about the company’s NexGen knee implants.
The latest lawsuit accuses Ohio law office Elk & Elk Co. of running Internet and television spots aimed at Zimmer customers which stated that the NexGen device "has a high failure rate, causes pain, has resulted in the recall of the NexGen CR-Flex product and is otherwise defective," according to court documents.
In February, Zimmer slapped a similar suit on a trio of firms that ran similar campaigns aimed at NexGen patients. In the Ohio suit, the company claims a rate of revision surgeries that’s "among the lowest rate of revision in national joint replacement registries around the world," according to the documents.
The Warsaw, Ind.-based orthopedics giant is on the receiving end of a lawsuit with med-tech goliath Stryker Corp. (NYSE:SYK) over a hip implant component.
Stryker Corp. filed a trio of lawsuits last week against rivals Wright Medical Group (NSDQ:WMGI), Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics and Zimmer, accusing them of trespassing on its patent for a hip implant component.
Here’s a roundup of companies announcing mergers, acquisitions and divestitures.
- American Dental Partners to be acquired for $398 million
American Dental Partners Inc (NASDAQ:ADPI) acquired by JLL Partners Inc. for $398 million.
- Millar Instruments and Telemetry Research merge
Millar Instruments Inc. and Telemetry Research Ltd. join forces. Telemetry Research will become a subsidiary of Millar Instruments.
- CNS Response acquires TMS intellectual property
CNS Response Inc. (OTCBB: CNSO) acquired a neurometric platform and other intellectual property to help doctors understand patient response to transcranial magnetic stimulation.
- DGT Holdings sells all shares of subsidiary
DGT Holdings Corp. completed the sale of all shares its Italian subsidiary Vila Sistemi Medicali for $21.8 million in cash.
- Landauer acquires IZI Medical Products<
Glenwood, Ill.-based Landauer Inc. (NYSE: LDR) acquire all outstanding equity interests of IZI Medical Products for $93 million.
- Vista completes acquisition of Sage
Vista Equity Partners completed the acquisition of the Sage Healthcare Division from The Sage Group. The new company will be called Vitera Healthcare Solutions.
- Invacare acquires wound therapy system
Home health products maker Invacare (NYSE:IVC) acquired a negative-pressure wound therapy system.