Zimmer Announces Expiration of Deferred Prosecution Agreement
(WARSAW, IN) March 30, 2009—Zimmer Holdings, Inc. (NYSE and SWX: ZMH), a leader in the orthopaedic industry, today announced that the Deferred Prosecution Agreement (DPA) with the United States Attorney’s Office for the District of New Jersey had expired as scheduled. The Company will no longer be subject to oversight by the monitor appointed under the DPA.
During the past 18 months, the Company has complied fully with the letter and spirit of the DPA and has made significant enhancements to its compliance structure and processes. The Company’s enhanced corporate compliance program addresses how the Company is to interact with physician collaborators, managing potential or perceived conflicts of interest inherent in consulting relationships while preserving the best elements of collaboration that drive innovation in medical devices and services.
“While the expiration of the DPA is an important milestone, the Company remains committed to operating ethically and transparently on a global basis to preserve the trust required for productive, professional collaboration that ultimately benefits patients,” said David Dvorak, Zimmer President and CEO.
The Company expects to remain subject to the terms of a Corporate Integrity Agreement it entered into with the Office of Inspector General of the Department of Health and Human Services until September 2012.
About Zimmer Holdings, Inc.
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants, and related surgical products. Zimmer has operations in more than 25 countries around the world and sells products in more than 100 countries. Zimmer’s 2008 sales were approximately $4.1 billion. The Company is supported by the efforts of approximately 8,500 employees worldwide.
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For more information about Zimmer, visit www.zimmer.com
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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
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Readers of this document are cautioned not to place undue reliance on these
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the forward-looking statements are based are reasonable, there can be no
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This cautionary statement is applicable to all forward-looking statements
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Media
Brad Bishop
574-372-4291
bradley.bishop@zimmer.com
Investors
James T. Crines
574-372-4264
james.crines@zimmer.com
Paul Blair
574-371-8042
paul.blair@zimmer.com
