Zimmer Biomet to Acquire Cayenne Medical

Zimmer Biomet has entered an agreement to acquire Cayenne Medical for an undisclosed sum, the Warsaw, Ind.-based company announced Monday.

The acquisition will expand Zimmer’s existing sports medicine portfolio of soft tissue reconstruction products for the knee, shoulder and extremities.

The transaction is expected to be finalized during the second quarter and is subject to customary conditions. — Anisa Jibrell