Zimmer Holdings Announces Completion of Abbott Spine Acquisition (PR Newswire)

Thursday October 16, 4:00 pm ET WARSAW, Ind., Oct. 16 /PRNewswire-FirstCall/ -- Zimmer Holdings, Inc. (NYSE: ) announced today that its acquisition of Abbott Spine has been completed. Zimmer paid $360 million in cash in the transaction. "It is a pleasure to welcome Abbott Spine employees and customers to the Zimmer family and we look forward to building toward critical mass with our expanded Zimmer Spine business," said David Dvorak, Zimmer President and CEO. "We have appreciated the engagement of the Abbott Spine management team as we have been able to move ahead briskly with our integration planning. We are excited to now work together to execute those plans and begin to take advantage of the great potential and strategic opportunity represented by this combination." Abbott Spine was founded in 1996 and has U.S.... [read full story]