Zimmer Biomet Inks Agreement To Acquire OSSIS

CIOTechOutlook Team | Monday, 01 May 2023, 06:10 IST

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Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, announced that it has reached a definitive agreement to acquire OSSIS, a privately held medical device company specialising in personalised 3D printed implants as well as complex hip replacements, including second-time hip replacements and replacements involving bone tumours and trauma.
 
OSSIS enables the rapid design and manufacture of personalised implants, which aligns with Zimmer Biomet's aim to provide personalised experiences in order to improve patient outcomes. This purchase highlights Zimmer Biomet's commitment to medical technology innovation and reinforces the Company's position as a worldwide medical technology leader.
 
In July 2021, Zimmer Biomet announced a partnership with OSSIS as its Asia Pacific partner for patient-specific 3D-printed titanium hip joint replacements and other pelvic bone replacement surgeries. In December 2022, the cooperation was expanded to include Europe, the Middle East, and Africa. The acquisition continues a successful cooperation and will allow Zimmer Biomet to expand its hip reconstruction product portfolio.
 
"Combining OSSIS's more than 16 years of clinical experience and engineering expertise with Zimmer Biomet's extensive network across Asia Pacific, Europe, Middle East and Africa demonstrates our commitment to bring transformative med tech advancements to patients in need," said Sang Yi, Zimmer Biomet Asia Pacific Group President. "We are very pleased to partner with these patients and their physicians as we work toward our mission to alleviate pain and improve the quality of life for people around the world."
 
"Zimmer Biomet shares our ethos of innovative technology with a strong patient focus, and OSSIS is thrilled to join Zimmer Biomet's established portfolio with cutting-edge solutions and expert capabilities," said Kelvin Hyland, OSSIS Managing Director. 
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