Zimmer Biomet has signed an agreement to acquire the US-based soft tissue reconstruction solutions provider Cayenne Medical for an undisclosed sum.
Based in Scottsdale of Arizona, Cayenne Medical is engaged in the development and marketing of soft tissue reconstruction solutions for the knee, shoulder and extremities.
The company’s sports medicine offering of knee products includes AperFix soft tissue multi-ligament system with rigid aperture fixation, CrossFix all-suture meniscal repair device and iFix for bone-tendon bone fixation.
It also produces Quattro system, which is a complete line of shoulder products for rotator cuff repair and labral repair, as well as Mirror partial knee system that features ligament-sparing technology to balance the knee throughout the entire range of motion.
Zimmer Biomet’s sports medicine, extremities, trauma, biologics and surgical businesses group president David Nolan said: "As a market leader in musculoskeletal healthcare, the expansion of our sports medicine business with Cayenne Medical’s highly successful portfolio represents an exciting growth opportunity and will meaningfully advance our commitment to serving the needs of patients across the full continuum of care."
Cayenne Medical president and CEO David Springer said: "Cayenne Medical is extremely pleased to join forces with Zimmer Biomet to drive the future growth and ongoing development of our innovative sports medicine technologies."
Subject to customary closing conditions, the deal is expected to complete in the second quarter of this year.
Zimmer Biomet produces orthopaedic reconstructive products, sports medicine, biologics, extremities and trauma products, spine, bone healing, craniomaxillofacial and thoracic products, dental implants and related surgical products.
Image: Zimmer Biomet to acquire soft tissue reconstruction solutions provider Cayenne Medical. Photo: courtesy of adamr / FreeDigitalPhotos.net.