Zimmer Biomet to Acquire Paragon 28 for $1.1B, Expanding Orthopedic Surgical Portfolio

Warsaw, IN, January 28, 2025 (Reuters) -- Zimmer Biomet is acquiring Paragon 28 for $1.1 billion to expand its orthopedic surgical device portfolio. The acquisition includes Paragon’s foot and ankle surgical implants and supports Zimmer Biomet’s growth in fracture, trauma, and joint replacement solutions. The deal offers an 8.3% premium per share, with Zimmer Biomet paying $13.00 per share in cash.

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