Biomet
Encyclopedia
Biomet, Inc. is one of the world leading medical device
manufacturer located in the Warsaw, Indiana
business cluster
. The company specializes in reconstructive products for hips, knees and shoulders, fixation devices, orthopedic support devices, dental implants, spinal implants and operating room supplies.
the company was acquired by a consortium of private equity
firms and ceased trading on NASDAQ
.
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.
Its products include LactoSorb, the first completely resorbable fixation system available in the U.S., titanium plates and screws for craniomaxillofacial fixation, and instruments for craniomaxillofacial and orthopedic procedures.
The company's corporate headquarters is in Warsaw, Indiana.
Medical device
A medical device is a product which is used for medical purposes in patients, in diagnosis, therapy or surgery . Whereas medicinal products achieve their principal action by pharmacological, metabolic or immunological means. Medical devices act by other means like physical, mechanical, thermal,...
manufacturer located in the Warsaw, Indiana
Warsaw, Indiana
Warsaw is a city in and the county seat of Kosciusko County, Indiana, United States. Cradled among Winona Lake, Pike Lake, Hidden Lake and Center Lake, Warsaw is nicknamed "Lake City," though other cities in the surrounding area are also referred to by that nickname...
business cluster
Business cluster
A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally. In urban studies, the term agglomeration is used...
. 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 dealClub deal
A club deal, in finance, refers to a leveraged buyout or other private equity investment that involves several different private equity investment firms. Club deal can also be referred as syndicated investment....
the company was acquired by a consortium of private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firms and ceased trading on NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
.
The four founders of Biomet were: Dane Miller, Ray Harroff, Niles Noblitt, and Jerry Ferguson.
American Gymnast, Mary Lou Retton
Mary Lou Retton
Mary Lou Retton is an American gymnast and Olympic gold medalist. She was the first female gymnast from outside Eastern Europe to win the Olympic all-around title, after 14 Eastern Bloc countries boycotted the 1984 Summer Olympics in Los Angeles.-Personal life:Retton was born in Fairmont, West...
endorses Biomet, specifically the Oxford Partial Knee.
Biomet Microfixation
Biomet Microfixation is a subsidiary of Biomet that manufactures craniomaxillofacial products.Its products include LactoSorb, the first completely resorbable fixation system available in the U.S., titanium plates and screws for craniomaxillofacial fixation, and instruments for craniomaxillofacial and orthopedic procedures.
The company's corporate headquarters is in Warsaw, Indiana.