A&E Medical

History

2020: Zimmer Biomet purchased A&E Medical for $250 million

At the beginning of December, 2020 Zimmer Biomet signed the agreement on purchase of A&E Medical, producer of tools for open thorax operations, for $250 million. It is considered that A&E Medical works at extremely quickly growing market, and acquisition of this company will generate Zimmer Biomet in the future excellent revenue.

A&E it was founded in 1968 in Pharmingdale (State of New Jersey). In 2016 it was purchased by Vance Street Capital. The portfolio of A&E Medical includes a complete line of devices for closing of a breast, including the sutural, fixing and cable systems and also a number of disposable tools, such as electrodes for stimulation and the tools for perforation used at a biopsy of fabrics.

Though the transaction is already closed, it is expected that it will affect net proceeds of the company little in a year. Zimmer Biomet signed the agreement on payment of $150 million in advance to owners A&E, Vance Street Capital, and the remained amount should be paid in 2021.

Fast-growing business and the innovation products A&E Medical substantially supplement our portfolio and will allow us to offer a full range of tools for closing of a breast, including for tough fixing that can change care standards and solve a set of different problems, - the president and the CEO of Zimmer Biomet Bryan Hanson considers.

Meanwhile, the company in partnership with NAACP also founded Zimmer Biomet Foundation, the charitable organization aimed at support various and not enough serviced communities, public health care and assistance at natural disasters. These means will help to support the work which is carried out by NAACP local offices through the whole country and will help to eliminate inequality in the field of health care.^[1]

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