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

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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.

LDR offers minimally invasive surgical technology for spine disorders and its lead product is Mobi-C CDR, currently the only device approved by the Food and Drug Administration (FDA) to treat both one- and two-level adjacent damaged cervical discs. Cervical disc replacement (CDR) and other minimal incision surgical (MIS) technologies are considered to be among the fastest growing sectors within the lucrative spinal segment. A recent report projects that the global CDR market alone could reach nearly $2 billion by 2021.

The deal is expected to close in the third-quarter 2016. If all goes as planned, LDR would be folded into Zimmer Biomet's existing Spine & Craniomaxillofacial (CMF) business.

The LDR deal, while sizeable, is but a fraction of the $14 billion Zimmer Biomet spent last June to snap up privately owned Biomet. Along with a name change combining both company's monikers, the purchase pushed the company ahead of Stryker Corporation (NYSE:SYK) (Kalamazoo, Michigan) to claim second place in the growing $45 billion muscle and orthopedic injuries market. Industry behemoth Johnson & Johnson (NYSE: JNJ) (New Brunswick, New Jersey) remains the market's number one manufacturer.

Click the icon at right for a graph detailing $3 billion-plus in reported global medical device capital and maintenance projects.

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