News | August 26, 2007

Zimmer Holdings Announces Acquisition of ORTHOsoft

August 27, 2007 — Zimmer Holdings Inc. a leader in the orthopaedics industry, and ORTHOsoft Inc., a leader in computer navigation for orthopaedic surgery, announced that Zimmer has reached an agreement to make an offer to acquire all of ORTHOsoft's outstanding common shares in a cash transaction for CDN$1.10 per share.
According to Zimmer, the transaction will be funded out of operating cash flow and is expected to be completed in the fourth quarter of 2007. Zimmer said it estimates the transaction to be approximately $0.01 dilutive to adjusted earnings per share in the fourth quarter of 2007, $0.03 dilutive in 2008 and accretive thereafter.
Founded in 1995, ORTHOsoft develops and markets best-in-class medical software, instruments and computerized systems designed to help orthopaedic surgeons increase accuracy in hip, knee and spine implant surgery. ORTHOsoft's FDA-approved patented software solutions are developed by surgeons for surgeons, resulting in intuitive and easy-to-use navigation that tracks surgical flow and provides surgeons with real-time data, thus helping to improve the surgical process and patient outcomes. The company was recently selected in the "2006 TSX Venture 50," a ranking of the top emerging public companies listed on that exchange.
ORTHOsoft's Navitrack Navigation System is a comprehensive suite of universal software tools for total knee and total hip replacement, now running on a new platform, the Sesamoid(TM), and features industry-exclusive high-performance optical reflectors, the NavitrackER. The Navitrack FluoroSpine System assists surgeons in precisely positioning pedicle screws for conventional and minimally invasive procedures in order to help reduce complication rates resulting from implant misplacement. This in turn can potentially help avoid long-term neurological deficits, reduce incidents of implant loosening and avoid reoperations.
Zimmer said it intends to maintain ORTHOsoft's current operations in Montreal and will integrate the company with its existing CAS organization. ORTHOsoft currently has 81 employees, most of whom are engaged in sales and product development.

For more information: www.zimmer.com and www.orthosoft.ca

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