Zimmer Biomet to acquire Monogram Technologies for $177m.

Zimmer Biomet, a global medical technology company, agreed to acquire Monogram Technologies, an orthopedic robotics company, for $177m. "Monogram's technology is a major leap forward, demonstrating our commitment to becoming the boldest and broadest innovator in surgical robotics and navigation. Upon closing, our customer-centric portfolio will consist of the most comprehensive and flexible technology ecosystem to support the varying preferences of a vast array of surgeons – now and into the future. With Monogram's proprietary technology, Zimmer Biomet has the potential to become the first company to deliver fully autonomous capabilities and redefine both the standard of care and the future of orthopedic surgery," Ivan Tornos, Zimmer Biomet Chairman, President and CEO.