On April 24, 2014, Zimmer Holdings announced that it will purchase Biomet, Inc., for $13.35 billion. The sale is expected to go through by the first quarter of 2015.
Zimmer Holdings has agreed to include Biomet’s “net debt” in the purchase. In the meantime, Biomet is being sued nationally and globally over its Magnum M2a Hip Replacement System. The pending sale may be one reason Biomet agreed to a $56 million settlement of all its U.S. Magnum M2a lawsuits in an effort to reduce its net debt.
Please feel free to contact our firm regarding Johnson And Johnson DePuy Hip Implant recall lawsuits and hip implants recall information.
Please visit our primary DePuy Hip Implant lawsuit and recall information page for more information.
Hip Implant Recall Depuy Lawsuit