Zimmer Biomet Announces Multi-Year Collaboration with Indo UK Institutes of Health to Deliver Affordable and Accessible Healthcare in India

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Jul 20, 2016, 07:00 ET

WARSAW, Ind., July 20, 2016 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, today announced a multi-year collaboration with the Indo UK Institutes of Health (IUIH) that will increase the capacity of India's healthcare infrastructure. The first phase of the collaboration involves the establishment of the Zimmer Biomet Institute of India, a 30,000 square foot state-of-the-art medical training and education facility on the campus of King's College Hospital in Amaravati, Andhra Pradesh. The Institute will help improve the delivery of and access to high-quality healthcare across India by training more than 1,000 orthopaedic surgeons annually on the latest orthopaedic procedures and the safe and effective use of Zimmer Biomet medical technologies.

IUIH, in partnership with UK's National Health Service (NHS) and its leading teaching institutions, plans to build 11 "Medicities," with Amaravati's King's College Hospital being the first, in major states across India. Each Medicity campus will include a 1,000-bed hospital, a medical and nursing school, student and staff housing, hotel facilities, and a third-party-run training and education center focused on a designated medical specialty.

"We are proud to support the Indo UK Institutes of Health's important mission to make world-class healthcare affordable and broadly accessible to people across India, regardless of geographic location or socioeconomic status," said David Dvorak, President and CEO of Zimmer Biomet. "Currently, India has approximately 10 orthopaedic surgeons per million people. This is inadequate to meet current demand for orthopaedic care, let alone meet the anticipated surge in demand from India's aging population, which is expected to triple by 2030. Zimmer Biomet's partnership with IUIH addresses this immediate and critical gap in delivering patient care by providing much-needed continuing education and hands-on orthopaedic surgical training."

Zimmer Biomet estimates investing more than $5 million in the King's College Hospital training and education center over three years, beginning in 2017. Zimmer Biomet serves approximately 50,000 patients in India each year, and through its Zimmer Biomet Institute, has successfully trained nearly 7,000 surgeons, medical and nursing students, and paramedics since its launch in 2008.

"The success of the Indo UK Institutes of Health's Medicities program is predicated in part on the support and commitment of private industry, and I applaud Zimmer Biomet for being our first industry partner and underwriting and overseeing the development of the Zimmer Biomet Institute of India orthopaedic training and education center in Amaravati," said Ajay Gupta, CEO and Managing Director of the Indo UK Institutes of Health.

The IUIH's Medicities program aims to establish 11 hospitals with medical colleges, with a total bed capacity of 11,000 and a throughput of between 1,100 and 1,650 medical students per year. The initiative is backed by the UK and Indian prime ministers and governmental institutions, including UK Trade and Investment and Healthcare UK. The King's College Hospital in Amaravati is scheduled to break ground later this year, and is expected to create jobs for 2,500 nurses and 500 physicians.

About Zimmer Biomet

Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer Biomet is a global leader in musculoskeletal healthcare. We design, manufacture and market orthopaedic reconstructive products; sports medicine, biologics, extremities and trauma products; spine, bone healing, craniomaxillofacial and thoracic products; dental implants; and related surgical products.

We collaborate with healthcare professionals around the globe to advance the pace of innovation. Our products and solutions help treat patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues. Together with healthcare professionals, we help millions of people live better lives.

Zimmer Biomet has operations in more than 25 countries around the world and sells products in more than 100 countries. For more information, visit zimmerbiomet.com or follow Zimmer Biomet on Twitter at twitter.com/zimmerbiomet.

About Indo UK Institutes of Health

Indo UK Institutes of Health is a Private Public Partnership (Indo UK partnership) that aims to build healthcare facilities providing an integrated approach to healthcare across India by partnering with the UK's best organizations in research, education, manufacturing and healthcare delivery. The goal is to bring healthcare to India that is Available, Affordable, Accountable and Appropriate to all. Please visit iuih.co.uk for more information or contact [email protected].

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SOURCE Zimmer Biomet Holdings, Inc.