Zimmer Biomet Makes Progress on Its Turnaround
Zimmer Biomet reported fourth-quarter performance that, again, demonstrated consistent, incremental progress toward addressing the supply, regulatory, and cultural issues that have hampered the firm over the last two years. Our fair value estimate is unchanged, as full-year performance generally met our expectations. We continue to anticipate a gradual return to growth and improved profitability in the longer term, though we still think large joint growth will lag the market in 2019. Nonetheless...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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