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Zimmer Biomet Completes Acquisition of Compression Therapy Concepts BY ANDREW VAHRADIAN, JUNE 14, 2016

Zimmer Biomet completed the acquisition of Compression Therapy Concepts, Inc. (CTC), a New Jersey-based developer of medical devices and accessories for the prevention of deep vein thrombosis (DVT).

CTC was founded in 1999 and aims to reduce the risk of associated complications from the concomitant effects of DVT, like pulmonary embolism (PE). The company offers its VasoPress platform, which consists of numerous pump systems, and a variety of compression garments (SCD sleeves) for the patient's calf, foot and thigh regions.

Zimmer plans to operate CTC as a wholly owned subsidiary.

To date, this is the fourth acquisition for Zimmer in 2016. The company announced its acquisition of Ortho Transmission, a Colorado-based developer of skeletal implant technology for limb amputee patients in March, the acquisition of Cayenne Medical, a company in the soft tissue repair and reconstruction segment of the sports medicine market in April, and its $1.0 billion acquisition of LDR Holding, a developer of surgical implants, devices, and instrumentation for the treatment spinal disorders last week.

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