Biomet Stocks Going Back On Public Markets
Warsaw-based Biomet Inc. will be back on the public markets later this year. The Indianapolis Business Journal reports today that the group of private equity funds that acquired Biomet in June 2007,...
View ArticleBiomet Planning Expansion In Warsaw
Biomet is asking the county for a tax abatement to expand its Warsaw campus, which is a multi-million dollar plan. At the Kosciusko County Council meeting this evening, Biomet legal counsel Richard...
View ArticleCounty Council Approves Biomet Tax Abatement
The public hearing for a 10-year tax abatement requested by Biomet at last month’s Kosciusko County Council meeting was approved at the council’s April meeting. Biomet’s expansion, which includes the...
View ArticleZimmer Announces Purchase Of Biomet
Zimmer Holding, Inc. (NYSE and SIX: ZMH) and Biomet today announced that their respective boards of directors have approved a definitive agreement under which Zimmer will acquire Biomet in a cash and...
View ArticleOrthoWorx Responds to Zimmer, Biomet Merger
OrthoWorx members, Zimmer and Biomet, will be combining to create an even stronger company in the global medical device market, and the announcement is met with positivity by OrthoWorx. A message...
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Zimmer-Biomet: The Deal That Shook Warsaw
(EDITOR’S NOTE: The following appeared in The Wall Street Journal.) WARSAW, Ind. — A $13.35 billion deal to combine two medical-device makers was big news on Wall Street Thursday—and also in this...
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Zimmer Looks To Avoid Layoffs
Zimmer (NYSE:ZMH) President and CEO David Dvorak is looking to avoid layoffs as much as possible following the pending mega-merger with long-time rival Biomet. According to a report by MassDevice,...
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Biomet Donates To Cardinal Services
Director of Global Marketing and Communications for Biomet, Stacey Jones, pictured above at left, presents Biomet’s $50,000 donation to Cardinal Services’ Director of Development Vickie Lootens,...
View ArticleZimmer-Biomet Merger Information ‘Incomplete’
On June 11, the European Commission declared the initial notification submitted for the Zimmer and Biomet merger incomplete. According to a press release, Zimmer is working with the commission to...
View ArticleFTC Requests Information On Zimmer-Biomet Deal
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer” or the “Company”) and Biomet, Inc. (“Biomet”) announced that they have each received a request for additional information (“second request”) from the...
View ArticleBiomet Subpoenaed Over Alleged ‘Improprieties’
Biomet said last week that the U.S. Securities & Exchange Commission issued a subpoena over alleged “improprieties” by Biomet employees in Brazil and Mexico, more than 2 years after the medical...
View ArticleBiomet Makes Notable Profit Turnaround
Biomet reported a net income of $36.8 million for the 2014 fiscal year — a notable profit swing compared to a net loss of $623.4 million last year. According to Inside INdiana Business, the company is...
View ArticleNo Settlement in Stryker, Biomet Lawsuit
No settlement will be allowed in a case of poaching that orthopedics rivals Biomet and Stryker are battling. A federal judge in Michigan shot down the settlement agreement on Tuesday, according to...
View ArticleZimmer Aims To Double Annual Budget
Medical advances, which once seemed years away, could be coming closer to reality with Zimmer Holdings Inc.’s spending of $13.35 billion acquisition of Biomet Inc. According to The Journal Gazette,...
View ArticleZimmer’s Biomet Bid Under EU Regulator Investigation
On Friday, Oct. 3, the European Union antitrust regulators opened an investigation into the $13.4 billion bid from Zimmer for Biomet. According to Reuters, the investigation will increase pressure on...
View ArticleBiomet Reports Profit Drop
Biomet, Inc. announced today financial results for its first quarter that ended on Aug. 31. Consolidated net sales increased 6 percent (5.6 percent constant currency) worldwide to approximately $775...
View ArticleZimmer Announces Third Quarter Profit Increases
WARSAW – Zimmer Holdings, Inc. (NYSE and SIX: ZMH) today reported financial results for the quarter ended Sept. 30, 2014. The company reported third quarter net sales of $1.11 billion, an increase of...
View ArticleBiomet Pay Over $6 Million to Resolve False Claims Act Allegations
EBI LLC, doing business as Biomet Spine and Bone Healing Technologies and Biomet Inc. have agreed to pay $6.07 million to resolve allegations that EBI violated the False Claims Act by paying kickbacks...
View ArticleZimmer Announces New Merger Name, Leadership
Zimmer Holdings, Inc. (NYSE: ZMH and SIX: ZMH) today announced the future executive leadership team and organizational structure of the combined company following the closing of the Biomet transaction....
View ArticleZimmer Agrees To EC’s Extended Deadline Regarding Biomet Acquisition
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer”) announced today that it has agreed with the European Commission to extend the deadline for the EC’s review of Zimmer’s proposed acquisition of...
View ArticleZimmer Proposes Remedy To Facilitate EC Approval Of Biomet Acquisition
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that it has proposed a remedy package to the European Commission (the “EC”) to facilitate the EC’s approval of Zimmer’s proposed acquisition of...
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KYLA Learns About Healthcare Industry
Attending the KYLA Wellness Session were: in front, Audrey Rich Warsaw; and Whitney Haneline, Tippecanoe Valley. In back are Elaine Wakefield , KCH; Brooklyn Beatty, Triton; Haley June, Warsaw; Josh...
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Biomet Employee Moonlights As Novel Writer
JoHanna Greene is a Biomet employee who just released her first book. (Photo provided) Biomet Corporate Travel Manager JoHanna Greene has lived her whole life outside of the norm. The youngest of...
View ArticleAlleged Foreign Bribes Loom Over Biomet-Zimmer Merger
According to a New York Time’s article posted on Tuesday, Dec. 23, possible acts of bribery allegedly committed by Biomet in foreign countries may have complicated the $13.35 billion merger with Zimmer...
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KLA Learns About Local Orthopaedic Industry
Pictured from Left: Guest speaker Bob Hastings, research director, DePuy Synthes; KLA Cadets Chrystal Hurd, MutualBank and Lisa O’Neill, Lake City Bank; Guest Speakers Brad Bishop, executive director,...
View ArticleBiomet Co-Founder Dane Miller Dies At 69
Dane Miller, who helped found the Warsaw-based company Biomet, died today at the age of 69. Miller was one of the four original founders of the company and served as its Chief Executive Officer between...
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Stutzman Makes Statement On Dane A. Miller
Marlin Stutzman By JOHN STAPLETON Office of Congressman Marlin Stutzman U.S. Congressman Marlin Stutzman issued this statement following the passing of Dane A. Miller, co-founder of Biomet Inc., a...
View ArticleDane Miller’s Influence Extended Far Beyond Orthopedics
In a day and age where the chief executive officers of most large companies come with a better knowledge of navigating the business world than the actual product they are serving, Dane Miller was truly...
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Dr. Dane Miller Memorial Held Winona Lake Today
Dr. Dane Miller That passing of Dr. Dane Miller on Feb. 10 was quite a blow to the communities of Warsaw and Winona Lake. Miller, a co-founder of Biomet and selfless philanthropist, made many great...
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Zimmer Agrees To Sell $7.65 Billion of Senior Notes
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that it has agreed to sell $7.65 billion of senior notes in an underwritten public offering through Citigroup Global Markets Inc., Credit...
View ArticleJapan Fair Trade Commission Clears Zimmer-Biomet Merger
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer”) announced today that the Japan Fair Trade Commission has granted clearance of Zimmer’s proposed acquisition of Biomet, Inc. (“Biomet”), thereby...
View ArticleEC Clears Pending Zimmer-Biomet Merger
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that the European Commission has conditionally cleared Zimmer’s proposed acquisition of Biomet, Inc. The EC’s clearance is conditioned upon...
View ArticleBiomet Announces Third Quarter Results
Biomet, Inc. has announced financial results for its third quarter, which ended Feb. 28. Consolidated net sales decreased 2.6 percent to $800.9 million worldwide during the third quarter of fiscal year...
View ArticleZimmer Announces Extension of Outside Date for the Pending Biomet Merger
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer”) announced today that the “outside date” for completing the proposed merger pursuant to the Agreement and Plan of Merger (the “Merger Agreement”),...
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Biomet Donates $50K To Cardinal Services
Presenting and accepting the check for $50,000 are, from left, Biomet Vice President and Division General Counsel, RJ Hall, Cardinal Services’ Director of Development Vickie Lootens, Cardinal CEO Jane...
View ArticleZimmer Announces Agreements Of Pending Biomet Merger
Warsaw-based Zimmer Holdings Inc. has divested some business assets as part of its more than $13 billion pending acquisition of Biomet Inc. The company says it continues to “work constructively” with...
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OrthoWorx Hosts Event to Connect Orthopedic Interns/Co-ops
Interns and co-ops from the orthopedic industry enjoy casual networking at OrthoWorx Ortho Intern Meet and Greet Event, Warsaw. By TAMMY ALLEN OrthoWorx Director of Marketing Over 60 summer interns and...
View ArticleZimmer To Divest Assets To Win U.S. Permission To Buy Biomet
Zimmer Holdings Inc has won U.S. antitrust approval to buy rival orthopedic products maker Biomet Inc on condition that it divest certain assets, the Federal Trade Commission said today Wednesday, June...
View ArticleZimmer Completes Combination with Biomet
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) today announced that, following the receipt of U.S. Federal Trade Commission clearance, Zimmer has completed the acquisition of Biomet in a cash and equity...
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Moment Of Silence During Fireworks For Dane Miller
Dr. Dane Miller The Warsaw Community Development Corporation is pleased to continue coordinating and arranging the annual Warsaw-Winona Lake fireworks display. For years the residents of our community...
View ArticleWarsaw Ranked Fifth Best Place To Launch A Business In Indiana
A recent study conducted by “NerdWallet” analyzed 99 locations in Indiana to determine which cities are best suited for entrepreneurs. After analyzing locations with a population of at least 5,000 and...
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OrthoWorx Announces Tobias Buck As New Board Chair
WARSAW — OrthoWorx has announced that its board of directors has elected Tobias “Toby” Buck, chairman, president, CEO and founder of Paragon Medical, Inc., to serve as board chair. Buck was one of the...
View ArticleBiomet Whistleblower Files $10 Million Lawsuit
A former Biomet sales representative is currently seeking $10 million dollars against his former employer after he alleges he was wrongfully terminated. Michael Swiss, currently a resident of...
View ArticleZimmer Biomet Reports Third-Quarter Results
WARSAW — Zimmer Biomet Holdings Inc. reported Thursday, Oct. 29, financial results for the quarter ended Sept. 30. The Company reported third-quarter net sales of $1.76 billion, an increase of 59.3...
View ArticleZimmer Biomet Holdings To Present At Annual Healthcare Conference
WARSAW — Zimmer Biomet Holdings Inc, a global leader in musculoskeletal healthcare, has announced it will present at the 34th annual J.P. Morgan Healthcare Conference at 9 a.m. Pacific Standard Time...
View ArticleZimmer Biomet Nearly Triples Profit
WARSAW — Warsaw based Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting first quarter net income of $299.4 million, up from $108.8 million during the same period the previous year. Chief Executive...
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With Annexation Comes Three Additional Tax Abatement Agreements For Warsaw
Warsaw City Attorney Scott Reust (left) and Mayor Joe Thallemer listen to conversation Monday night at the city council meeting. WARSAW — On Monday night, city council reviewed numerous tax abatement...
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Zimmer Biomet Goes Big With Employee Appreciation Lunches
A type of brace for a femur bone was one of the items on display at the Zimmer Biomet appreciation lunch. InkFreeNews photo by Dan Spalding. Zimmer Biomet used large event tents to accommodate...
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Timeline From The Past: Biomet Begins Operations
From the Files of the Kosciusko County Historical Society Editor’s note: This is a retrospective article that runs a few times a month on InkFreeNews. Information for this retrospective series is...
View ArticleBiomet Planning Common Stock IPO
Biomet, Inc. announced today that its parent company, LVB Acquisition, Inc., has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its...
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