WARSAW, Ind., Jun 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- Zimmer Holdings, Inc. (NYSE: ZMH; SWX: ZMH) announced that Tucson Orthopaedic Institute has agreed to provide orthopaedic surgeon training in Zimmer Minimally Invasive Solutions(TM) Technologies and Procedures as a part of the company's Zimmer Institute program. Zimmer and the Tucson Orthopaedic Institute have been collaborating on MIS procedures for approximately two years.
Under terms of the agreement, orthopaedic surgeons at Tucson Orthopaedic Institute will train other orthopaedic surgeons to use Zimmer's minimally invasive hip and knee replacement technologies and will participate in MIS product refinement.
"We are pleased to be expanding the Zimmer Institute network with an institution that is so well respected for the high quality of both its clinical practice and its clinical research," said Zimmer Chairman, President and Chief Executive Officer Ray Elliott. "The surgeons and staff have made a great commitment to bringing the potential benefits of MIS procedures to their patient base, and now they will play an important role in further expansion of these concepts worldwide."
Tucson Orthopaedic Institute is the second U.S. Zimmer Institute satellite. The company launched the Institute with a dedicated facility at its headquarters in 2003, and earlier this year named the Johns Hopkins Medical Center as its first U.S. satellite.
"We see our affiliation with the Zimmer Institute as a way to underscore and build upon the record we have established as a center of excellence in orthopaedic care," said John H. Cole, Tucson Orthopaedic Institute Chief Executive Officer. "We are pleased to be adding to our own skills and expertise while helping to bring the benefits of minimally invasive orthopaedics to patients everywhere."
The Zimmer Institute is an educational system focused on expanding the availability of MIS joint replacement by transferring the required skills and knowledge to surgeons and other health care professionals. Zimmer said that its network of Zimmer Institute satellite locations will contribute to a common pool of data and best practices, enabling each partner to benefit from the experience and developments of the others. The company expects to provide training for more than 1,400 surgeons during 2004 at all Institute locations.
The company has indicated that it expects to affiliate with approximately 20 institutions that will provide Zimmer Institute surgeon education.
About Tucson Orthopaedic Institute
Tucson Orthopaedic Institute is one of the leading orthopaedic practices in the Southwest United States. The Institute, with twenty-eight board certified orthopaedic specialists, includes seven centers of excellence, each focusing on the treatment of one type of bone or joint disorder. The centers include: General Orthopaedics and Fractures, Foot and Ankle, Hand and Upper Extremity, Joint Replacement, Pediatrics, Spine, and Sports Medicine. The 13- surgeon joint replacement team is widely recognized for its leadership in minimally invasive total joint replacement surgery.
The Institute also houses the Tucson Orthopaedic Research Center, which is currently conducting research studies in osteoarthritis of the hip and knee. Interested individuals should call 520-784-6141.
Tucson Orthopaedic Institute has two Tucson locations: East office and Spine Center, 2424 N. Wyatt Drive and the Northwest office at 6130 N. La Cholla, Suite 121. For more information about the Institute, or to see one of the specialists, please call 520-784-6200, 520-382-8200, or call toll free at 1-877-784-6200, or visit the Institute website at http://www.tucsonortho.com .
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer is the worldwide #1 pure-play orthopaedic leader in the design, development, manufacture and marketing of reconstructive and spinal implants, trauma and related orthopaedic surgical products. In October, 2003, the company finalized its acquisition of Centerpulse AG, a Switzerland-based orthopaedics company and the leader in the European reconstructive market. The new Zimmer has operations in more than 24 countries around the world and sells products in more than 80 countries. As a result of the acquisition of Centerpulse, reported 2003 sales were $1.9 billion. Full-year 2003 pro forma worldwide sales of Zimmer and Centerpulse were approximately $2.6 billion. The new Zimmer is supported by the efforts of more than 6,500 employees.
Visit Zimmer on the worldwide web at http://www.zimmer.com
Zimmer Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 based on current expectations, estimates, forecasts and projections about the orthopaedics industry, management's beliefs and assumptions made by management. Forward-looking statements may be identified by the use of forward-looking terms such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates," "projects," "targets," "forecasts," and "seeks" or the negative of such terms or other variations on such terms or comparable terminology. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to, our ability to successfully integrate Centerpulse AG, the outcome of the pending informal SEC investigation of Centerpulse accounting, price and product competition, rapid technological development, demographic changes, dependence on new product development, the mix of our products and services, supply and prices of raw materials and products, customer demand for our products and services, control of costs and expenses, our ability to form and implement alliances, international growth, U.S. and foreign government regulation, product liability and intellectual property litigation losses, reimbursement levels from third-party payors, general industry and market conditions and growth rates and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. For a further list and description of such risks and uncertainties, see the disclosure materials filed by Zimmer with the U.S. Securities and Exchange Commission. Zimmer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this document are cautioned not to place undue reliance on these forward-looking statements, since, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this document.
SOURCE Zimmer Holdings, Inc.
Media: Brad Bishop, +1-574-372-4291, firstname.lastname@example.org , or Investors: Sam Leno, +1-574-372-4790, email@example.com , both of Zimmer Holdings, Inc.
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