Zimmer Biomet completed the acquisition of Monogram Technologies for $177m.

Zimmer Biomet, a global medical technology company, completed the acquisition of Monogram Technologies, an orthopedic robotics company, for $177m. "By bringing Monogram into the Zimmer Biomet innovation ecosystem, we have set a bold course to become the first orthopedic company to offer a fully autonomous robotic solution complementing our current robotic and navigation offerings. We aim to provide surgeons the broadest choice in robotics and navigation across a wide range of procedures and care settings. I want to personally welcome the Monogram team to Zimmer Biomet, as their talent and technology will accelerate our innovation pipeline, deepen our value to surgeons and strengthen our long-term growth strategy," Ivan Tornos, Zimmer Biomet Chairman, President and Chief Executive Officer.