Zimmer Biomet, a Warsaw, Ind.-based orthopedics company, recently acquired Medtech, a French company specializing in surgical robots.
Ally Bridge Group, a private equity firm that invested in Medtech in December 2015, sold its entire stake of the company to Zimmer Biomet for an undisclosed amount.
Medtech currently offers two FDA-approved surgical robots that allow for minimally invasive brain and spine procedures.
Zimmer Biomet expects the acquisition will boost its presence in the musculoskeletal market.
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