We Like Zimmer Biomet's Pick for CEO, and Our FVE Remains Unchanged
We’re pleased with Zimmer Biomet’s new pick for president and CEO, Bryan Hanson, who most recently ran the minimally invasive therapies group at Medtronic. We’re leaving our $130 fair value estimate unchanged. While Hanson is new to the orthopedic market, on balance, we think he’ll bring a much-needed new perspective and an appetite to try different ideas to wide-moat Zimmer Biomet. As medical technology rivals, including Stryker and Medtronic, have significantly expanded their products and acti...Zimmer Biomet Holdings is engaged in musculoskeletal healthcare. The company's products are: Knees, which includes knee replacement surgeries; Hips, which includes hip replacement surgeries; S.E.T., which includes surgical, sports medicine, biologics, foot and ankle, extremities and trauma products; Spine and Craniomaxillofacial and Thoracic, which designs, manufactures and distributes medical devices and surgical instruments, as well as provides face and skull reconstruction products; Dental, which manufactures and/or distributes dental reconstructive implants, dental prosthetic products and dental regenerative products; and Other, which includes bone cement and office based technology products.
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