WARSAW — On Monday night, city council reviewed numerous tax abatement agreements with seven companies, including three — Biomet, Torrent Holdings and Alpha Manufacturing — that have been annexed into the city in the past year and have new agreements for city tax payments. In each of those cases, the companies were offered three-year abatement …read more.

WARSAW — Warsaw based Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting first quarter net income of $299.4 million, up from $108.8 million during the same period the previous year. Chief Executive Officer David Dvorak says the growth is consistent with the company’s expectations.

WARSAW — Zimmer Biomet Holdings Inc, a global leader in musculoskeletal healthcare, has announced it will present at the 34th annual J.P. Morgan Healthcare Conference at 9 a.m. Pacific Standard Time Tuesday, Jan. 12, at the Westin St. Francis Hotel, San Francisco, Calif. A live webcast of the presentation can be accessed here. The webcast will be archived for …read more.

WARSAW — Zimmer Biomet Holdings Inc. reported Thursday, Oct. 29, financial results for the quarter ended Sept. 30. The Company reported third-quarter net sales of $1.76 billion, an increase of 59.3 percent, as reported. The increase in the quarter was 0.7 percent on an adjusted pro forma, constant currency basis over the same prior year period. Reported diluted earnings per share …read more.

A former Biomet sales representative is currently seeking $10 million dollars against his former employer after he alleges he was wrongfully terminated. Michael Swiss, currently a resident of Pennsylvania, states he was a high performing sales representative with the company until he approached a supervisor about alleged kickback payments being offered to practitioners. Swiss alleges …read more.

WARSAW — OrthoWorx has announced that its board of directors has elected Tobias “Toby” Buck, chairman, president, CEO and founder of Paragon Medical, Inc., to serve as board chair. Buck was one of the founding board members of OrthoWorx, and has served the organization in that capacity since 2009. “We greatly appreciate the service and contributions made …read more.

A recent study conducted by “NerdWallet” analyzed 99 locations in Indiana to determine which cities are best suited for entrepreneurs. After analyzing locations with a population of at least 5,000 and at least 500 businesses, NerdWallet ranked Warsaw as the fifth best place in Indiana to start a business. According to the website, this ranking …read more.

The Warsaw Community Development Corporation is pleased to continue coordinating and arranging the annual Warsaw-Winona Lake fireworks display. For years the residents of our community have celebrated our freedom while watching the fireworks display over Winona Lake. In past years, the fireworks were a part of the Fourth of July races held at the Warsaw Race Track. …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) today announced that, following the receipt of U.S. Federal Trade Commission clearance, Zimmer has completed the acquisition of Biomet in a cash and equity transaction currently valued at approximately $14 billion. In connection with the combination, Zimmer has changed its corporate name to Zimmer Biomet Holdings, Inc. The …read more.

Zimmer Holdings Inc has won U.S. antitrust approval to buy rival orthopedic products maker Biomet Inc on condition that it divest certain assets, the Federal Trade Commission said today Wednesday, June 24, according to a Reuters report. The assets to be sold include certain knee implants, total elbow implants and bone cement, the agency said. …read more.

By TAMMY ALLEN OrthoWorx Director of Marketing Over 60 summer interns and co-ops from OrthoWorx member companies recently attended an after-work social program to connect with other interns/co-ops from local medical device companies. Attendees included individuals from Biomet, DePuy Synthes Joint Reconstruction, Medtronic, OrthoWorx, Paragon Medical and Zimmer. The purpose of the event was to …read more.

Warsaw-based Zimmer Holdings Inc. has divested some business assets as part of its more than $13 billion pending acquisition of Biomet Inc.

By MICHELLE BOXELL Community Relations Manager, Cardinal Services Funding cuts, no cost-of-living increases and growth in demand have combined to place Cardinal Services in the position of needing to raise $500,000 locally — every year — simply to maintain current services. They took a big step toward that half million dollar goal this week when …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer”) announced today that the “outside date” for completing the proposed merger pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated April 24, 2014, among Zimmer, Owl Merger Sub, Inc. and LVB Acquisition, Inc., the parent company of Biomet, Inc. (“Biomet”), has been extended from …read more.

Biomet, Inc. has announced financial results for its third quarter, which ended Feb. 28. Consolidated net sales decreased 2.6 percent to $800.9 million worldwide during the third quarter of fiscal year 2015, compared to net sales of $822.5 million during the third quarter of fiscal year 2014. Excluding the effect of foreign currency, consolidated net …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that the European Commission has conditionally cleared Zimmer’s proposed acquisition of Biomet, Inc. The EC’s clearance is conditioned upon Zimmer entering into agreements with a suitable buyer to divest certain assets comprising the remedy package previously submitted to the EC. Zimmer expects to enter into such …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer”) announced today that the Japan Fair Trade Commission has granted clearance of Zimmer’s proposed acquisition of Biomet, Inc. (“Biomet”), thereby satisfying one of the conditions necessary for the consummation of the transaction. The transaction remains subject to the expiration or termination of the applicable waiting periods under …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that it has agreed to sell $7.65 billion of senior notes in an underwritten public offering through Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint book-running managers. The offering consists of the …read more.

Dr. Dane Miller That passing of Dr. Dane Miller on Feb. 10 was quite a blow to the communities of Warsaw and Winona Lake. Miller, a co-founder of Biomet and selfless philanthropist, made many great contributions to Kosciusko County. Today, at a memorial service held at the Manahan Orthopaedic Capital Center friends, family and colleagues gathered …read more.

In a day and age where the chief executive officers of most large companies come with a better knowledge of navigating the business world than the actual product they are serving, Dane Miller was truly one of a kind. The co-founder and former CEO of the Warsaw-based orthopedic company did not hold a Masters in …read more.

By JOHN STAPLETON Office of Congressman Marlin Stutzman U.S. Congressman Marlin Stutzman issued this statement following the passing of Dane A. Miller, co-founder of Biomet Inc., a Warsaw-based orthopedic devices manufacturer. “I am very saddened to learn that our Hoosier family has lost a great man, Dane Miller. Dane was a kind man with a …read more.

Dane Miller, who helped found the Warsaw-based company Biomet, died today at the age of 69. Miller was one of the four original founders of the company and served as its Chief Executive Officer between the years of 1977 and 2006. Current Biomet CEO Jeff Binder issued the following statement following Miller’s passing: “It is impossible …read more.

By JONI TRUEX Public Relations Director, Kosciusko Leadership Academy The Kosciusko Leadership Academy met at the Manahan Orthopaedic Capital Center to learn about the Orthopaedic industry at a session sponsored by the Convention and Visitors Bureau. Mary Kittrell welcomed KLA Cadets and provided an overview of tourism in Kosciusko county. Bob Hastings, a research director …read more.

According to a New York Time’s article posted on Tuesday, Dec. 23, possible acts of bribery allegedly committed by Biomet in foreign countries may have complicated the $13.35 billion merger with Zimmer Holdings. According to the New York Times, Biomet is currently suspected of helping to bribe government officials in Mexico and Brazil. An “anonymous …read more.

  Biomet Corporate Travel Manager JoHanna Greene has lived her whole life outside of the norm. The youngest of seven children, Greene was the only one of her siblings to be home-schooled. She is now probably one of the only Biomet employees who can call themselves a published novelist. Greene’s first book, “My Mother’s Husbands,”  was …read more.

By EMILY COWAN KYLA Board Member Kosciusko Youth Leadership Academy held the Dec. 3 meeting at the KCH Wellness Center. EMT Tony Doyle started the session discussing education/training requirements for paramedics and the equipment used in treatment. He fielded questions about careers in the emergency response field. Biomet’s Senior Development Engineer Josh Porter shared a …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) announced today that it has proposed a remedy package to the European Commission (the “EC”) to facilitate the EC’s approval of Zimmer’s proposed acquisition of Biomet. Zimmer has been working closely with the EC to develop a mutually-acceptable solution to address the discrete concerns identified by the EC …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer”) announced today that it has agreed with the European Commission to extend the deadline for the EC’s review of Zimmer’s proposed acquisition of Biomet by a limited number of days in order to provide the EC with certain additional information. Deadline extensions are not uncommon in such …read more.

Zimmer Holdings, Inc. (NYSE: ZMH and SIX: ZMH) today announced the future executive leadership team and organizational structure of the combined company following the closing of the Biomet transaction. Zimmer also announced that the combined organization will leverage the strength of both companies’ brands and will be named Zimmer Biomet, with the new brand to …read more.

EBI LLC, doing business as Biomet Spine and Bone Healing Technologies and Biomet Inc. have agreed to pay $6.07 million to resolve allegations that EBI violated the False Claims Act by paying kickbacks to induce use of its bone growth stimulators and billing federal health care programs for refurbished stimulators, the Department of Justice announced …read more.

WARSAW – Zimmer Holdings, Inc. (NYSE and SIX: ZMH) today reported financial results for the quarter ended Sept. 30, 2014. The company reported third quarter net sales of $1.11 billion, an increase of 2.9 percent reported and 3.1 percent constant currency over the third quarter of 2013. Diluted earnings per share for the quarter were …read more.

Biomet, Inc. announced today financial results for its first quarter that ended on Aug. 31. Consolidated net sales increased 6 percent (5.6 percent constant currency) worldwide to approximately $775 million. Knee sales grew 4.3 percent (3.8 percent constant currency) worldwide to $234.7 million. Hip sales increased 3.8 percent (3.6 percent constant currency) worldwide to $155.3 million. S.E.T. …read more.

On Friday, Oct. 3, the European Union antitrust regulators opened an investigation into the $13.4 billion bid from Zimmer for Biomet. According to Reuters, the investigation will increase pressure on Zimmer to offer concession to alleviate their concerns. Should the deal be cleared by the EU competition authority, which will be decided upon by Feb. 16, …read more.

Medical advances, which once seemed years away, could be coming closer to reality with Zimmer Holdings Inc.’s spending of $13.35 billion acquisition of Biomet Inc. According to The Journal Gazette, Zimmer officials are talking almost doubling its annual budget for research and development of new products to $360 million once the deal closes early next …read more.

No settlement will be allowed in a case of poaching that orthopedics rivals Biomet and Stryker are battling. A federal judge in Michigan shot down the settlement agreement on Tuesday, according to MassDevice.com. “Over the past 2 weeks, Stryker uncovered an ill-conceived and long-planned scheme by Biomet, using Stryker representatives in both New York (Steitzer) …read more.

Biomet reported a net income of $36.8 million for the 2014 fiscal year — a notable profit swing compared to a net loss of $623.4 million last year. According to Inside INdiana Business, the company is currently seeking regulatory approval for a proposed $13 billion merger with Zimmer Holdings Inc. (NYSE: ZMH). The final results …read more.

Biomet said last week that the U.S. Securities & Exchange Commission issued a subpoena over alleged “improprieties” by Biomet employees in Brazil and Mexico, more than 2 years after the medical device company settled similar allegations with the SEC and the U.S. Justice Dept. for more than $22 million. MassDevice.com reports that Warsaw, Ind.-based Biomet said …read more.

Zimmer Holdings, Inc. (NYSE and SIX: ZMH) (“Zimmer” or the “Company”) and Biomet, Inc. (“Biomet”) announced that they have each received a request for additional information (“second request”) from the United States Federal Trade Commission (“FTC”) in connection with Zimmer’s previously announced proposed acquisition of Biomet. The second request was issued under the notification requirements …read more.

On June 11, the European Commission declared the initial notification submitted for the Zimmer and Biomet merger incomplete. According to a press release, Zimmer is working with the commission to provide additional requested information. At stake is the $13.35 billion merger of Biomet with Zimmer. Zimmer is expected to file an updated notification with the …read more.

Director of Global Marketing and Communications for Biomet, Stacey Jones, pictured above at left, presents Biomet’s $50,000 donation to Cardinal Services’ Director of Development Vickie Lootens, center, and  CEO Jane Wear. According to Wear, the donation will go into Cardinal’s general operating fund to cover loses in programs for people with intellectual disabilities, enabling the not-for-profit …read more.

Zimmer (NYSE:ZMH) President and CEO David Dvorak is looking to avoid layoffs as much as possible following the pending mega-merger with long-time rival Biomet. According to a report by MassDevice, Zimmer, which is poised to become the second largest player in the orthopedics space by absorbing Biomet, plans to keep the entire sales force for both companies. …read more.

(EDITOR’S NOTE: The following appeared in The Wall Street Journal.) WARSAW, Ind. — A $13.35 billion deal to combine two medical-device makers was big news on Wall Street Thursday—and also in this 14,000-person city where both companies are based, which proudly calls itself the “Orthopedic Capital of the World.” Zimmer Holdings Inc. ZMH -1.40% ‘s agreement to acquire crosstown …read more.

OrthoWorx members, Zimmer and Biomet, will be combining to create an even stronger company in the global medical device market, and the announcement is met with positivity by OrthoWorx. A message distributed this morning from Zimmer CEO David Dvorak states, “Through this combination we are cementing Warsaw, Ind., as the musculoskeletal innovation capital of the …read more.

Zimmer Holding, Inc. (NYSE and SIX: ZMH) and Biomet today announced that their respective boards of directors have approved a definitive agreement under which Zimmer will acquire Biomet in a cash and stock transaction valued at approximately $13.35 billion, including the assumption of net debt. The transaction, which is subject to customary closing conditions and …read more.

The public hearing for a 10-year tax abatement requested by Biomet at last month’s Kosciusko County Council meeting was approved at the council’s April meeting. Biomet’s expansion, which includes the purchase of several parcels of land, is expected to create 150 jobs over five years. Richard Helm, the attorney representing Biomet at the council meeting, …read more.

Biomet is asking the county for a tax abatement to expand its Warsaw campus, which is a multi-million dollar plan. At the Kosciusko County Council meeting this evening, Biomet legal counsel Richard Helm said, “We’re here for a tax abatement,” explaining that the medical device company plans to buy two tracts of land near its …read more.

Warsaw-based Biomet Inc. will be back on the public markets later this year. The Indianapolis Business Journal reports today that the group of private equity funds that acquired Biomet in June 2007, has filed to take the company back onto the public markets. The plan is to sell $100 million in stock later this year. Biomet …read more.

Biomet, Inc. announced today that its parent company, LVB Acquisition, Inc., has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. In connection with the offering, LVB Acquisition, Inc. intends to change its name to Biomet Group, Inc. The number of shares to be …read more.

Biomet Inc. has announced that it has reached a settlement in MDL 2391. The lawsuit was filed in response to the complaints related to the company’s M2-a Magnum hip replacement. The case was heard in the United States District Court for the Northern District of Indiana, South Bend Division. Judge Robert L. Miller Jr. approved the …read more.

We Inspire Support Empower Inc., a newly formed, non-profit organization, announced Biomet Inc. has committed to support the organization as a Founding Sponsor. The sponsorship from Biomet, a Warsaw, Indiana-based medical device corporation, will allow W.I.S.E. Inc.to develop and expand programs focused on the education and support of the professional career interests of women. “Biomet …read more.

Biomet Inc., a global leader in the manufacture of musculoskeletal and biotechnology products, announced today the closing of the previously announced acquisition of Lanx Inc., a full service spine company and a leader in minimally invasive techniques and technologies. Adam Johnson, President of Biomet Spine, Bone Healing & Microfixation, stated, “We are pleased to finalize …read more.

Biomet Engineers hosted a Cardboard Challenge for the 4-year-old students at Greater Warsaw Cooperative Preschool on Monday. Inspired by Caine’s Arcade, the Cardboard Challenge is a global movement aimed at promoting imagination and creativity in kids. Biomet Engineers Andrew Pierce, Josh Catanzarite and Brian Uthgenannt worked with the GWCP students to create games out of …read more.

Orthopedic industry reports today say Senate Republicans may be making progress with President Barack Obama in modifying the 2.3 percent medical device tax. The tax, which is expected to raise nearly $30 billion over the next 10 years to support Obama’s healthcare reform, has caused great concern for Indiana, and especially Warsaw where three of …read more.

Biomet has paired up with Metzger Outdoors to sponsor the first annual “Live Adventure. Live United” Ti Adventure run. and is sponsoring our first annual “Live Adventure. Live United.” Ti Adventure run. Metzger Outdoors has graciously volunteered their time and supplies to create a roughly 3-mile walk/run with obstacles on the Winona Lake trails. Following …read more.

Biomet Inc., a global leader in the manufacture of musculoskeletal and biotechnology products, announced today that it has reached a definitive agreement to acquire Lanx Inc., a full service spine company and a leader in minimally invasive techniques and technologies. The pending acquisition would expand Biomet Spine’s technology portfolio through the addition of innovative products …read more.

Biomet will go to bat over its M2A-magnum metal-on-metal hip implants after failing to convince an Indiana federal judge that a personal injury lawsuit was preempted by FDA rules. According to Mass Device, the plaintiff, Leslie Caccia, sued Biomet for a supposedly defective metal-on-metal hip implant in what is now part of a larger multi-district …read more.

A New Jersey appeals court has upheld a $2.7 million judgement against two subsidiaries of Biomet over royalties they stopped paying a spine surgeon. Electro-Biology Inc. and EBI LCC have been ordered to pay $2.7 million to prominent spine surgeon Dr. Neil Kahanovitz. In 2008, according to Mass Device, Kahanovitz, the former president of the …read more.

The YMCA’s Corporate Challenge, for the businesses of Kosciusko County, is offered to increase employee and community health and fitness to build employee pride and dedication and to develop community spirit. Participants spend quality time together working as a team outside of the normal work environment. This year’s participants are Biomet, Creighton Brothers, DePuy, Kosciusko …read more.

Biomet prepares to close doors on a 230-employee manufacturing facility in Switzerland, citing a global dip in medical device prices and ongoing economic challenges. MassDevice.com reports today that Biomet is letting go of a Swiss manufacturing facility where 230 workers will be dismissed. The company blames the decision on “declining global prices for medical devices …read more.

It was just six years ago when a four party private equity consortium paid more than $11 billion for Warsaw-based Biomet. Now, a London newspaper is reporting the owners are contemplating selling the company to another investment group or opening it to public trade. The Financial Times of London relied on three unnamed individuals who …read more.

United Way of Kosciusko County, Inc. is excited to announce Erin Rowland Jones, Rowland Law Office, Warsaw, as the 2013 General Campaign Chair. This year marks the 56th year of the United Way Campaign in Kosciusko County. Ms. Rowland Jones has been involved with United Way of Kosciusko County since 2007 in many capacities and …read more.

The Kosciusko County Senior Expo, presented by Biomet and Senior Expos of Indiana will take place from 8 a.m. to 1 p.m. this Saturday, June 15 at the OCC Building located on the campus of Grace College, Winona Lake. Admission is free. There will be free health screenings, exhibitors, entertainment, prizes and more! Come visit …read more.

Biomet employees are set to vote on whether or not to bring a union to the orthopedics manufacturer, but neither employees nor company officials will say much more. Bill Kolter, public relations for Biomet, will provide only the following statement regarding union activity at Biomet: “We do not believe that a union is necessary and …read more.

[youtube http://www.youtube.com/watch?feature=player_embedded&v=0YTtaHv-3eU] On Tuesday, 12 teams from across the state of Indiana gathered for the State of Indiana Wastewater Challenge to compete in five events. Teams were comprised of four members making a total of 48 contestants total. According to Brian Davison, Warsaw wastewater utility manager and chairman of the Indiana Water Environment Association, this is …read more.

It was announced this week that Cardinal Services has received a $25,000 grant from Biomet. Biomet CEO Jeff Binder recently visited and toured Cardinal and expressed Biomet’s support. “It is a privilege to offer Biomet’s assistance to Cardinal Services. Our community is fortunate to have such a committed and focused organization working on behalf of …read more.

During the evenings of Tuesday and Wednesday, April 16-17, the Circuit on Professionalism series, sponsored by the offices of Career Services and Advancement at Grace College, hosted a mock interview event for Grace College juniors and seniors. More than 50 employers in the Kosciusko County area came to the Grace campus to conduct the interviews, …read more.

[youtube http://www.youtube.com/watch?v=R68VNkGqEpU] Approximately 1,300 seventh and eighth grade students attended the Kosciusko Career Expo Wednesday held by the Workforce Development Committee of the Warsaw/Kosciusko County Chamber of Commerce. The event featured approximately 50 exhibitors who set up tables with hands on demonstrations for students to partake in. The goal in the event was to expose the …read more.

The YMCA is pleased to announce a $1.5 million pledge from Biomet Inc. The gift will be used in support of the construction of a new YMCA facility to be built on U.S. 30 and Mariner Drive. The significance of the gift allows the Y to continue to fulfill its mission to provide life-enriching programs …read more.

The executive director of the Indiana Medical Device Manufacturers Council is “hopeful” federal lawmakers will repeal a tax on medical device makers. Peggy Welch wants to further educate Hoosier legislators about the impact of the industry today during Life Sciences Exhibitor Day at the Statehouse. She says while large companies can “weather the tax,” smaller …read more.

Biomet Inc., a global leader in the manufacture of orthopedic and biotechnology products, and OrthoSensor, a leader in intelligent orthopedics, are pleased to announce a co-promotion partnership with Biomet’s Vanguard Complete Knee System and OrthoSensor’s VERASENSE. “Biomet is thrilled with its relationship with OrthoSensor and is excited to add this sensor technology to our Vanguard …read more.

Indiana’s life sciences industry has a $50 billion total impact on the state’s economy, according to recently updated data gathered by the Indiana Business Research Center at the Indiana University Kelley School of Business and BioCrossroads, Indiana’s initiative for investment, development and advancement of the state’s signature life sciences strengths. Now with a workforce of …read more.

Kosciusko County Board of Zoning Appeals met for the first time in 2013 Tuesday morning in Warsaw and among the agenda items considered was a petition for solar electricity panels for a warehouse in Milford. LMA-HUF Development petitioned the BZA for a variance to permit generating solar electricity on the warehouse used by Biomet on …read more.

Biomet Inc., a global leader in the manufacture of musculoskeletal medical products, announced today the initial closing of the previously announced acquisition of the worldwide trauma business of DePuy Orthopaedics Inc. As part of the initial closing, Biomet has acquired DePuy Trauma’s operations in the United States, the United Kingdom, Australia, New Zealand and Japan, …read more.