Zimmer Biomet's Recent Investments to Enlarge Extremities Footprint Should Pay Off
Zimmer Biomet posted second-quarter results that slightly exceeded our expectations, and perhaps more importantly, we are encouraged by some of the investments management has recently prioritized. We expect to raise our fair value estimate to reflect our more optimistic view of Zimmer’s longer-term position as the orthopedic landscape adjusts to new payment reforms. We continue to believe that Zimmer’s wide economic moat is anchored by high switching costs for orthopedic surgeons.We were please...
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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