Zimmer Biomet to close $1B LDR Holding buyout later today

Zimmer Biomet (NYSE:ZBH) said today that it expects to close its $1 billion acquisition of LDR Holding (NSDQ:LDRH) later today, after its $37-per-share tender offer reaped about 88.9% of LDR’s outstanding shares. The deal, which last month cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, isn’t expected to affect Zimmer Biomet’s sales outlook, with adjusted earnings per share likewise unaffected until accretion kicks in after 2017. The company has said it plans to issue updated guidance once the acquisition closes. LDR, which makes the Mobi-C cervical disc replacement and Mivo lumbar and cervical fusion devices, is slated to be folded into Zimmer Biomet’s spine &CMF business, led by president Adam Johnson. LDR CEO Christophe Lavigne and LDR co-founder and GM Patrick Richard will remain with the company in “key leadership positions” within the spine biz, Warsaw, Ind.-based ZBH said when the LDR deal was announced. Zimmer Biomet said it’s financing the buyout with cash and a revolving credit facility; a senior notes offering worth $750 million is also in the offing. “We are excited to officially welcome LDR to the Zimmer Biomet family. Together with LDR, Zimmer Biomet will be a leader in the $10 billion global spine market and well-positioned in the fast growing cervical disc replacement segment. Importantly, this combin...
Source: Mass Device - Category: Medical Equipment Authors: Tags: Mergers & Acquisitions Orthopedics Spinal Wall Street Beat LDR Holding Corp. Zimmer Biomet Source Type: news

Related Links:

Conclusion Consequently, characterization of epidural ASCs, will pave the way for new studies investigating their use in dural and also central nervous system healing and recovery after an injury. PMID: 32222128 [PubMed - as supplied by publisher]
Source: Turkish Journal of Medical Sciences - Category: General Medicine Tags: Turk J Med Sci Source Type: research
In this study we examined the consequences of such changes for the growth and photo‐physiology of two diatoms by mimicking the scenarios that correspond to present day and that predicted for the end of this century. Elevated light induced higher rates of damage to photosystem II (PSII) that significantly reduced photochemical yields of both diatoms. Treatments including UV radiation induced ~ 50% inhibition of PSII under present PAR levels. Generally, warming alleviated UVR inhibition, resulting in higher photochemical yields, and faster recovery during dim light exposure. Therefore, concurrent increase of irradiance and...
Source: Photochemistry and Photobiology - Category: Science Authors: Tags: RESEARCH ARTICLE Source Type: research
For primary inguinal hernia repair, there is no apparent benefit to the robotic approach over the traditional laparoscopic approach, according to a randomized controlled trial.Reuters Health Information
Source: Medscape General Surgery Headlines - Category: Surgery Tags: General Surgery News Source Type: news
Surgeons'opinions on abdominal hernia repair in women of childbearing age are quite variable, a small survey finds.Reuters Health Information
Source: Medscape General Surgery Headlines - Category: Surgery Tags: General Surgery News Source Type: news
CONCLUSIONS: TAMIS is an innovative technique that may be considered for the treatment of benign diseases like anastomotic complications, benign rectal stenosis, anastomotic explorations with lavage and drainage, rectal ulcus, and rectal intussusception. It can be used to search for a good plane of dissection, which cannot be found through the abdominal anterior approach. It can also be adopted for removal of early malignant rectal polyps and for TaTME. The technique described here allows the surgeons to work under ergonomic conditions, with completely reusable materials, and with a magnified view of the operative field, a...
Source: Surgical Technology International - Category: Surgery Tags: Surg Technol Int Source Type: research
Conclusions: The expression of ERCC1 and NF- κ B give a worse prognosis for relapse, and only ERCC1 had an influence on the overall survival of TGCT patients treated with platinum-based chemotherapy. These may represent markers that predict poor clinical outcome and response to cisplatin.
Source: International Braz J Urol - Category: Urology & Nephrology Source Type: research
Conclusion: In this congenital rabbit model, no obvious functional differences were found between reconstructed urethras after hypospadias repair with and without spongioplasty.
Source: International Braz J Urol - Category: Urology & Nephrology Source Type: research
Conclusion: In this congenital rabbit model, no obvious functional differences were found between reconstructed urethras after hypospadias repair with and without spongioplasty.
Source: International Braz J Urol - Category: Urology & Nephrology Source Type: research
AbstractThe family of AlkB homolog (ALKBH) proteins, the homologs ofEscherichia coli AlkB 2 ‐oxoglutarate (2OG), and Fe(II)‐dependent dioxygenase are involved in a number of important regulatory processes in eukaryotic cells including repair of alkylation lesions in DNA, RNA, and nucleoprotein complexes. There are nine human and thirteenArabidopsis thaliana ALKBH proteins described, which exhibit diversified functions. Among them, human ALKBH5 and FaT mass and Obesity ‐associated (FTO) protein and Arabidopsis ALKBH9B and ALKBH10B have been recognized as N6 methyladenine (N6meA) demethylases, the most abundant posttra...
Source: IUBMB Life - Category: Research Authors: Tags: SPECIAL ISSUE Source Type: research
Conclusion: PRP treats ONFH mainly through three mechanisms: inducing angiogenesis and osteogenesis to accelerate bone healing, inhibiting inflammatory reactions in necrotic lesions, and preventing apoptosis induced by glucocorticoids. In addition, as an adjunctive therapy for core decompression, the use of PRP is recommended to improve the treatment of early-stage ONFH patients, especially when combined with stem cells and bone grafts, by inducing osteogenic activity and stimulating the differentiation of stem cells in necrotic lesions. PMID: 32219128 [PubMed - as supplied by publisher]
Source: Biomed Res - Category: Research Authors: Tags: Biomed Res Int Source Type: research
More News: Cayenne | Gastroschisis Repair | Legislation | Medical Devices | Men | Mergers and Aquisitions | Orthopaedics