Zimmer Biomet acquires Compression Therapy Concepts

 Zimmer Biomet (NYSE:ZBH) said last week that it closed its acquisition of Compression Therapy Products for an undisclosed amount.

Eatontown, N.J.-based CTC makes non-invasive devices designed to prevent deep-vein thrombosis. The devices use CTC’s VasoPress system to compress the foot, calf and thigh to lower the risk of pulmonary embolism, according to the company’s website.

In a regulatory filing, Zimmer Biomet said it will operate the business as a wholly owned subsidiary.

Earlier this month, the Warsaw, Ind.-based orthopedics giant agreed to put up roughly $1 billion for spinal implant maker LDR Holding, in a $37-per-share deal that’s expected to close during the 3rd quarter.

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