Zimmer Biomet has entered into a definitive agreement to acquire Cayenne Medical.
Here are five insghts:
1. The transaction is expected to close during the second quarter of 2016.
2. The financial terms of the transaction were not disclosed.
3. The acquisition of Cayenne Medical will strengthen Zimmer Biomet's sports medicine capabilities and portfolio of soft tissue reconstruction solutions.
4. Founded in 2005 and based in Scottsdale, Ariz., Cayenne Medical designs, develops and markets soft tissue reconstruction solutions for the knee, shoulder and extremities.
5. Zimmer Biomet, headquartered in Warsaw, Ind., is a global leader in musculoskeletal healthcare.