Zimmer to Strengthen Its Backbone with $1 Billion Acquisition of Spine Disorder Company LDR Holdings

SUGAR LAND--June 15, 2016--Reported by Annette Kreuger for Industrial Info Resources (Sugar Land, Texas)--Zimmer Biomet Holdings Incorporated. (NYSE:ZBH) (Warsaw, Indiana) has announced a $1 billion plan to acquire French spinal medical device company LDR Holding Corporation. The company views the purchase as way to fortify it's foothold in the estimated $10 billion global spine market. Within this article: Describes growth in the spinal medical device market.