M&A
confidence high
sentiment positive
materiality 0.70
Zimmer Biomet to acquire Monogram Technologies for ~$177M upfront plus CVR up to $12.37/share
ZIMMER BIOMET HOLDINGS, INC.
- Equity value ~$177M ($4.04/share cash upfront); enterprise value ~$168M.
- Common stockholders receive non-tradeable CVR up to $12.37/share if product, regulatory and revenue milestones through 2030 are met.
- Acquisition neutral to adjusted EPS in 2025-2027, accretive in 2028+; expected to contribute to revenue growth beginning 2027.
- Monogram's semi-autonomous TKA robot (FDA 510(k) March 2025) and fully autonomous system in development will expand Zimmer Biomet's ROSA robotics platform.
- Closing expected later this year, subject to Monogram stockholder approval, regulatory clearances and other customary conditions.