Biomet: Difference between revisions

Biomet, Inc.
Company type	Private
Industry	Health Care
Founded	Warsaw, IN, USA (1977)
Headquarters	Warsaw, IN, USA
Key people	Jeff Binder, CEO
Products	Oxford Partial Knee, LactoSorb
Owner	The Blackstone Group, Goldman Sachs, Kohlberg Kravis Roberts, TPG Capital
Number of employees	9,200 (2007)
Website	www.biomet.com

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Revision as of 12:05, 31 January 2011

Biomet, Inc. is one of the world leading medical device manufacturer located in the Warsaw, Indiana business cluster.^[1] The company specializes in reconstructive products for hips, knees and shoulders, fixation devices, orthopedic support devices, dental implants, spinal implants and operating room supplies.

History

Biomet was established in 1977 and delivered its first hip replacement in 1978. In a September 2007 club deal the company was acquired by a consortium of private equity firms and ceased trading on NASDAQ.^[2]

The four founders of Biomet were: Dane Miller, Ray Harroff, Niles Noblitt, and Jerry Ferguson.

American Gymnast, Mary Lou Retton endorses Biomet, specifically the Oxford Partial Knee.

Biomet Microfixation

Biomet Microfixation is a subsidiary of Biomet that manufactures craniomaxillofacial products.^[3]

Its products include LactoSorb, the first completely resorbable fixation system available in the U.S.^[4], titanium plates and screws for craniomaxillofacial fixation, and instruments for craniomaxillofacial and orthopedic procedures.

The company's corporate headquarters is in Warsaw, Indiana.

References

^ Hermann Simon mentioned this company in his correspondent Book as an example of a "Hidden Champion" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5.)
^ http://www.biomet.com/corporate/investors/biometAcquired.cfm
^ http://www.biometmicrofixation.com/about_us.php
^ http://www.biometmicrofixation.com/category.php?cat=5

External links

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[1] Hermann Simon mentioned this company in his correspondent Book as an example of a "Hidden Champion" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5.)

[2] ttp://www.biomet.com/corporate/investors/biometAcquired.cfm

[3] ttp://www.biometmicrofixation.com/about_us.php

[4] ttp://www.biometmicrofixation.com/category.php?cat=5

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-'''Biomet, Inc.''' is a [[medical device]] manufacturer located in [[Warsaw, Indiana]]. The company specializes in reconstructive products for hips, knees and shoulders, fixation devices, orthopedic support devices, dental implants, spinal implants and operating room supplies.
+'''Biomet, Inc.''' is one of the world leading [[medical device]] manufacturer located in the [[Warsaw, Indiana]] [[business cluster]].<ref>[[Hermann Simon]] mentioned this company in his correspondent Book as an example of a "[[Hidden Champions|Hidden Champion]]" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5.)</ref> The company specializes in reconstructive products for hips, knees and shoulders, fixation devices, orthopedic support devices, dental implants, spinal implants and operating room supplies.
 ==History==