December 05, 2016 12:05 PM ET

Healthcare Equipment and Supplies

Company Overview of Zimmer Inc.

Company Overview

Zimmer Inc., doing business as Zimmer Biomet, designs, manufactures, and markets joint replacement technologies. It offers knee, hip, and shoulder replacement products; elbow and trauma products; foot and ankle systems; biologics and sports medicine solutions; surgical and operating room solutions that include tourniquets and power equipment with interchangeable blades and more; spine solutions; and dental implant products. The company also offers various surgical techniques to medical professionals and support services. Its solutions support orthopedic surgeons and clinicians to restore mobility, and treat arthritis and traumatic injuries. The company offers products through its sales assoc...

1800 West Center Street

P.O. Box 708

Warsaw, IN 46581-0708

United States

Founded in 1927

Phone:

574-267-6131

Fax:

574-371-8755

Key Executives for Zimmer Inc.

Chief Executive Officer, President, Director, Chief Executive Officer of Zimmer Holdings Inc and President of Zimmer Holdings Inc
Age: 52
Chief Financial Officer and Senior Vice President
Age: 52
Senior Vice President of Global Operations and Logistics
Compensation as of Fiscal Year 2016.

Zimmer Inc. Key Developments

Legal-Bay Lawsuit Settlement Funding Reports Zimmer Knee Bellwether Trial to Begin October 13, 2015

Legal-Bay LLC announced that the first bellwether trial in the multidistrict litigation (MDL) over the Zimmer NexGen Knee implant lawsuits has been scheduled to begin October 13, 2015. There are currently more than a 1,000 cases against Zimmer Inc. which have been consolidated before a federal judge in Illinois. The judge issued that the first bellwether trial will begin in October of 2015. Zimmer Inc. previously issued voluntary recalls for its metal-on-metal hip device 'the Durom Cup (in 2008)' and another recall in 2010 for its MIS Tibial Components. Both recalls led to lawsuits which are currently pending in a federal multidistrict litigation and the MDL in question in Illinois. In addition to the first bellwether trial announcement, another recall has been made. The FDA recently announced a Class II recall for Zimmer's Persona Trabecular Metal Tibial Plate knee implant, affecting all lots and sizes of the knee implant. According to the FDA's website, this affects all 11,658 devices that were recalled. Also according to the FDA, Zimmer Inc. initiated a voluntary recall of its Persona Trabecular Metal Tibial after there was an increase in complaints of loosening and radiolucent lines. All sizes and lots of the affected devices will be removed from the market and will no longer be distributed. Legal-Bay is able to provide up to $30,000 for plaintiffs who need a cash advance to pay bills on their Zimmer Knee case. Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a settlement loan, settlement loans, lawsuit loan, lawsuit loans, pre-settlement loans, or a pre-settlement loan. Legal-Bay is urging Zimmer Knee plaintiffs or family members who have had a loved one injured from their Zimmer Knee implant to contact a Zimmer Knee law firm or Zimmer Knee lawyer immediately if they believe they are suffering from possible defect symptoms. Legal-Bay works with nationally recognized attorneys and can assist with obtaining a free legal consultation on potential lawsuit claim.

FDA Announces Class II Recall of Zimmer Inc.'s Persona Trabecular Metal Tibial Plate

The U.S. Food and Drug Administration (FDA) issued a notice on March 12, 2015, for a Class II recall for all lots and sizes of the Zimmer Persona Trabecular Metal Tibial Plate knee implant. Zimmer Inc. is initiating a voluntary recall of Persona Trabecular Metal Tibial following an increase in complaints of radiolucent lines and loosening. All sizes and lots of the affected devices are being removed from distribution. The FDA will issue a Class II Recall when a product can "cause temporary or medically reversible adverse health consequences." However, problems associated with this Zimmer knee implant can cause serious complications and patients implanted with the Persona® Trabecular Metal™ Tibial Plate can face the risk of loosening of their tibial component. Indications of loosening include radiolucent lines on imaging tests, which are large gaps between the device and bone. Loosening can cause pain and significant mobility problems, and generally requires the patient to undergo additional surgery to remove and replace the loose tibial component. Zimmer Inc.'s voluntary recall is the latest headline in a number of highly publicized medical device recalls.

Similar Private Companies By Industry

Company Name Region
.decimal, Inc. United States
20/20 GeneSystems, Inc. United States
20/20 Imaging LLC United States
21st Century Scientific, Inc. United States
21X Corporation United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Zimmer Inc., please visit www.zimmer.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.