Zimmer Biomet to acquire A&E Medical for $250M

Zimmer Biomet announced the acquisition of A&E Medical, a provider of cardiothoracic surgical products including sternal closure devices, for $250 million in cash, with $150 million paid at closing and $100 million in 2021.

“Zimmer is paying $250 million in cash, staggered across this year and 2021, to buy A&E for a suite of sternal closure devices it sees as complementary to its current offerings.”medtechdive.com

• 3 sources
• medtechdive.comZimmer puts up $250M in surgical device deal, Boston Scientific nets $800M in BTG pharma sell-off | MedTech DiveNick Paul TaylorDec 1, 2020
• medicaldevice-network.comZimmer Biomet acquires sternal closure device company A&E MedicalVishnu Priya NDec 2, 2020
• mddionline.comMedtech in a Minute: Divestitures and M&A, Oh My!Amanda PedersenDec 7, 2020

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