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Zimmer Biomet to Acquire Cayenne Medical BY ANDREW VAHRADIAN, APRIL 25, 2016

Zimmer Biomet entered into an agreement to acquire Cayenne Medical, a company in the soft tissue repair and reconstruction segment of the sports medicine market. The financial terms of the transaction were not disclosed.

Cayenne develops soft tissue reconstruction solutions for the knee, shoulder, and extremities markets, and intends to alter traditional arthroscopic procedures by applying technological enhancements via minimally invasive techniques. Moreover, Cayenne's products aim to generate cost savings in the delivery of care by surgeons, surgery centers and hospitals.

In knee, the company offers its AperFix platform, which is a soft tissue multi-ligament system with aperture fixation, the CrossFix II System, an open all-suture meniscal repair device, iFix, a bone-tendon bone fixation system for Anterior Cruciate Ligament (ACL) reconstruction and the Cayenne Mirror Partial Knee System, a ligament-sparing device that intends to treat early onset knee arthritis.

In shoulder, Cayenne offers its Quattro platform, the company's line of shoulder anchor and suture products for rotator cuff repair (RCR), labral repair, soft tissue repair and other indications. Cayenne also offers SureLock, the company's next gen all-suture anchor fixation system for the reattachment of soft tissue to bone for shoulder and elbow procedures.

In other extremities, Cayenne offers its Short SureLock product, an all-suture anchor system intended for the reattachment of soft tissue to bone for foot & ankle and hand & wrist procedures. Within foot & ankle, Short SurLock is indicated for hallux valgus and mid-foot reconstruction, and within hand & wrist, Short SurLock is indicated for inar, scapholunate, lateral collateral or other collateral ligament repair and reconstruction and for flexor and extensor tendon repair and reconstruction at the PIP, DIP, and MCP joints for all fingers.

This transaction expands Zimmer's arthroscopy and sports medicine portfolios and strengthens the company's capabilities in these segments. Additionally, Cayenne's product portfolio complements Zimmer's joint reconstruction offerings.

The deal is expected to close in 2Q:16.

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