Once the very model of stability among orthopedics companies, Biomet went through a rocky period a while ago as its stock price tanked and its long time CEO left the company. To the rescue has come a group of private equity investors who will take the company private when the transaction closes later this year. Biomet officials insist the company's turnaround will be based on the same success factors that made the company successful in the past: product innovation, strong distributor relationships, and close customer ties. But the question is: what changes, if any, will Biomet's new owners bring?
by David Cassak
For more than 20 years, in an orthopedics segment that is easily one of the most conservative precincts of the device industry, Warsaw, Indiana-based Biomet Inc. seemed to epitomize conservatism...
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