# Zimmer Biomet acquires Biomet: acquisition

Canonical ID: `45698c41-f8d8-4bc8-9b1f-723203eb8860`

Zimmer Holdings acquired Biomet (announced April 24, 2014 at ~$13.35B incl. net debt; completed June 24, 2015 at ~$14B), creating Zimmer Biomet Holdings, a leader in orthopedic implants and musculoskeletal healthcare.

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $13.3B (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Zimmer Biomet](https://registry.deploy.report/companies/zimmer-biomet.md)
- **Acquired:** [Biomet](https://registry.deploy.report/companies/biomet.md)

## Timeline

- **Announced:** 2014-04-24
- **Closed:** 2015-06-24

## Sources (1)

1. https://www.prnewswire.com/news-releases/zimmer-completes-combination-with-biomet-300104244.html


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