Lima Corporate closes Zimmer Biomet acquisitions

Lima Corporate said last Friday that it has completed its acquisition of knee and elbow assets from the merged Zimmer and Biomet.

The Italian orthopedic company said it purchased Zimmer’s unicompartmental High Flex knee implant and Biomet’s Discovery elbow system within the European Economic Area and Switzerland. Lima Corporate also acquired Biomet’s Vanguard complete knee system in Denmark and Sweden.

“The completion of this acquisition gives Lima a big step up in the knee and extremities markets. The Zimmer ZUK and the Biomet Vanguard complete knee system will open doors for the rapid expansion in the knee market. We are already a market leader in total shoulder arthroplasty and the Biomet discovery elbow system will allow us to expand our position,” CEO Luigi Ferrari said in a press release.

Earlier this month, DJO Global acquired Zimmer and Biomet’s Cobalt bone cement, Optivac cement mixing accessories, SoftPac pouch and Discovery elbow system for the U.S. marketplace

In June, Smith & Nephew said they would be acquiring the U.S.  unicompartmental High Flex knee assets.

The U.S. Federal Trade Commission approved the Zimmer/Biomet merger late last month, after Zimmer found buyers for some of the U.S. assets it and Biomet owned.

The European Commission in March approved the merger of the Warsaw, Ind.-based companies, contingent on the knee and elbow asset divestitures.

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