warsaw in usa 1977 headquarters warsaw in usa key people jeff binder ceo products oxford partial knee lactosorb owner blackstone group goldman sachs kohlberg kravis roberts tpg capital number of employees 9 200 2007 website www.biomet.com biomet inc. was a medical device manufacturer located in the warsaw indiana business cluster . the company specialized in reconstructive products for orthopedic surgery neurosurgery craniomaxillofacial surgery and operating room supplies . in 2015 biomet became part of the new company zimmer biomet . 1 contents 1 history 2 products 3 misconduct 4 references 5 external links history edit biomet was established in 1977 and delivered its first hip replacement in 1978 . the four founders of biomet were dane a. miller ray harroff niles noblitt and jerry ferguson . citation needed in a september 2007 club deal the company was acquired by a consortium of private equity firms consisting of the blackstone group goldman sachs kohlberg kravis roberts l.p. and tpg capital after which biomet ceased trading on nasdaq . 2 in april 2014 it was announced that zimmer holdings had succeeded in a bid to acquire biomet for a fee of 13.4 billion . however in october 2014 eu antitrust regulators opened an investigation into zimmer s bid on the grounds that the deal may lead to substantial decreases in competition in certain markets . 3 the verdict of the investigation into the deal that would make zimmer the world s second largest seller of orthopaedic products behind johnson & johnson allowed the merger to take place in june 2015 . 4 products edit biomet manufactured reconstructive products for orthopedic surgery such as hips knees and shoulders fixation devices orthopedic support devices . it also made spinal implants dental implants and general operating instruments . its subsidiary biomet microfixation manufactured mainly craniomaxillofacial and neurosurgical products . 5 these included lactosorb a fixation system made of completely resorbable material for guided bone regeneration titanium plates and screws for craniomaxillofacial fixation instruments for craniomaxillofacial and orthopedic procedures and hard tissue replacements made out of biocompatible polymers as used in cranial defects . biomet began using polymethylmethacrylate pmma beads which are fused together with polyhydroxyethylmethacrylate phema for cranial plates in 1993 . 6 4 the other material is polyetherketoneketone pekk formed either by laser sintering or by 3d printing . 7 misconduct edit in 2012 biomet paid more than 22 million to settle sec and department of justice violations of the foreign corrupt practices act fcpa . from 2000 to august 2008 biomet bribed publicly employed doctors in argentina brazil and china with up to 15 20 % of the sale . the four subsidiaries involved were biomet argentina sa u.s. subsidiary biomet international biomet china and scandimed ab . 8 references edit zimmer biomet makes post merger senior management changes wall street journal 26 june 2015 . accessed 29 june 2015 biomet acquired by private equity consortium biomet september 25 2007 eu regulators open extensive probe into zimmer biomet deal press release . reuters . 3 october 2014 . eu regulators set new may 26 deadline for zimmer s biomet deal press release . reuters . feb 10 2015 . biomet microfixation biomet n.d. htr pmma patient matched implant . biomet . august 2013 . p. 12 . retrieved 23 february 2015 . neurosurgery solutions htr pekk patient matched cranial implant . biomet . n.d. retrieved 23 february 2015 . sec charges medical device company biomet with foreign bribery press release . sec . march 26 2012 . retrieved 23 february 2015 . external links edit biomet official website biomet spine website biomet directory of orthopedic surgeons who use biomet products simon hermann hidden champions of the 21st century success strategies of unknown world market leaders . london springer 2009 . isbn 978 0 387 98147 5 . mentions company as an example of a hidden champion v t e the blackstone group founders peter george peterson stephen a. schwarzman business services cms computers rgis sungard minority shareholder consumer retail michaels joint control performance food group pinnacle foods united biscuits financial services bankunited minority stake healthmarkets minority stake fgic minority stake healthcare biomet emcure pharmaceuticals investment vanguard health systems industrial freescale joint control kl ckner pentaplast trw automotive control media telecommunications eaccess investment nielsen holdings minority stake axtel minority stake deutsche telekom minority stake tdc minority stake the weather channel minority stake travel & leisure hilton worldwide center parcs europe freehold caesars entertainment corporation minority stake merlin entertainments minority stake seaworld entertainment tragus group travelport real estate extended stay america minority stake equity office luxury resorts lxr la quinta inns & suites v t e kohlberg kravis roberts founders jerome kohlberg jr. henry kravis george r. roberts selected current investments academy sports outdoors alliance boots aricent group avago biomet bharti enterprises capsugel cicc caf coffee day colonial pipeline del monte foods dollar general eastman kodak el paso corp. energy future holdings first data harman international industries hospital corporation of america kion group laureate education legg mason legrand magma fincorp maxeda nielsen holdings northgate information solutions nxp semiconductors oriental brewery pets at home prosiebensat .1 media sealy corporation seven west media sungard tdc a s toys r us us foods visma wild yageo zhone technologies category this article about a medical pharmaceutical or biotechnological corporation or company is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title biomet & oldid 669314263 categories companies based in indianakosciusko county 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