ZBH
Published on 07/14/2025 at 08:04
ZIMMER BIOMET
July 14, 2025
Zimmer Biomet has entered into a definitive agreement to acquire all of the outstanding shares of Monogram Technologies Inc. (NASD:MGRM), a developer of semi- and fully-autonomous1, AI-driven orthopedic robotic systems. The transaction values Monogram at approximately $168 million2, is expected to be neutral to EPS3 in 2025 - 2027 and accretive thereafter, and expected to contribute to revenue growth beginning in 2027.
Summary
Monogram has received FDA clearance for mBôs, a semi-autonomous, AI-navigated total knee arthroplasty (TKA) robotic solution, and is currently developing a fully autonomous version. Monogram's objective is to improve the accuracy, safety and speed of TKAs while expanding mBôs' label to include additional applications.
Upon closing, the transaction will leap Zimmer Biomet forward by offering orthopedic surgeons the most comprehensive suite of customer-centric technology solutions, ranging from simplified navigation, such as OrthoGrid, to non-CT based robotics with ROSA, and fully autonomous robotics1 with mBôs. This acquisition underscores Zimmer Biomet's commitment to enabling today while defining the future of orthopedic surgery.
Monogram's fully-autonomous TKA robot is currently in development, we anticipate late 2027/early 2028 launch; the semi-autonomous robot is regulatory approved with a Monogram implant
3
Represents enterprise value and excludes an up to $12.37 per share Contingent Value Right (CVR)
Based on ZBH internal model expectations, on an adjusted, non-GAAP basis and assuming a 2H2025 deal close
mBôs Overview
KEY FEATURES
Robotic joint arm with 7 degrees of freedom
Robotic-controlled saw, with capabilities for burring/reaming 1
CT-based planning and navigation
AI/ML driven personalized case planning
Markerless tracking1
Augmented reality integration1
Capable of fully remote surgery1
No external fixation enabled by dynamic compensation
2 versions targeting broad surgeon base:
Launch with Persona knee expected early-2027
Launch with Persona knee expected late-2027/early-2028
Initial approval for TKA; pursuing additional indications
Has not yet received regulatory approval
FDA approved to be used with Monogram implants
Currently in development, we anticipate late 2027/early 2028 launch 4
ZBH's Full Suite1 of Robotic and Navigational Solutions
Committed to Broadest Offering in Industry to Address Customer Needs
ROSA ROBOTIC SYSTEM
Image-less or CT-enabled pre-planning2, manual cuts
Robotics Offerings
mBôs
Fully and Semi-Autonomous Versions3 with CT-based pre- and intraoperative-planning
Navigation
TMINI4
CT-enabled, handheld, smaller footprint
Now and in the
ORTHOGRID HIPINSIGHT4
Future
AI-based, direct anterior hip navigation system without pins, CT or MRI
CT-based 3D planning for direct anterior and posterior workflows
egulatory approvals and approval of the
Inclusion of mBôs as within ZBH's Suite of Solutions is subject to transaction closing, which is subject to receipt of required r Monogram common stockholders
CT-enabled ROSA has not yet received regulatory approval
5
mBôs fully-Autonomous robot is currently in development; we anticipate late 2027/early 2028 launch
ZBH has partnership agreements with ThinkSurgical and HipInsight
Disclaimer
Zimmer Biomet Holdings Inc. published this content on July 14, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 14, 2025 at 12:03 UTC.