Fierce Biotech August 9, 2024
Zimmer Biomet plans to acquire AI surgical guidance company OrthoGrid Systems to expand its market share in hip replacement procedures.
The acquisition includes OrthoGrid’s AI-powered, fluoroscopy-based surgical assistance platform Hip AI as well as two additional FDA-cleared orthopedic applications and more than 40 patents, the company announced this week.
The transaction is expected to be completed by the end of the fourth quarter of 2024. Financial details were not disclosed.
The orthopedics-focused medical technology company said the proposed acquisition will expand its hip portfolio with AI-driven surgical guidance system.
“OrthoGrid’s AI systems address the rapidly growing market demand for fluoroscopy-based surgical guidance solutions while strengthening our portfolio of hip offerings that drive intraoperative efficiencies and improve the quality of life...
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