| Year |
|
| 1977 |
- Biomet is incorporated with eight team members on November 30, 1977
|
| 1978 |
- Records $17,000 net sales and $63,000 net loss
|
| 1980 |
- Reaches $1.1 million net sales
- Groundbreaking for the current Biomet facility
|
|
| 1981 |
- Completion of first facility
|
| 1982 |
- $1.25 million? raised through Initial Public Offering
|
|
| 1983 |
- Introduction of AGC Total Knee System, the first system to offer complete component interchangeability
|
| 1984 |
- Acquisition of Orthopedic Equipment Company (OEC)
- Dane Miller is named Small Business Person of the Year in Indiana
|
| 1985 |
- Introduction of Bi-Metric Hip, AGC Calibrated Distractor and Redi-Drape
|
| 1986 |
- $24.7 million raised in Secondary Public Offering
- Groundbreaking for third building addition
|
| 1987 |
- Biomet is recognized as one of Business Week’s Hot Growth Companies
|
| 1988 |
- Acquisition of EBI, a leader in electrical stimulation and external fixation markets
|
| 1989 |
- Indiana Business names Dane Miller "Entrepreneur of the Year" for High Technology Sector
|
| 1990 |
- EBI introduces SpF line of Spinal Fusion Stimulators
|
| 1991 |
- President George Bush presents Dane Miller and Niles Noblitt with the Small Business Administration National Entrepreneurial Success Award
- Stock splits 2 for 1 in January and December
- Completion of facility expansion and new building construction
|
| 1992 |
- Acquisition of W. Lorenz Surgical, a market leader in craniomaxillofacial fixation products, now known as Biomet Microfixation
|
| 1993 |
- Introduction of Maxim® Total Knee System
- Swedish Knee Registry reports AGC® knee has lowest revision rate of all knees in study
|
| 1994 |
- Acquisition of Kirschner, which provided reconstructive and soft goods products and facilities in New Jersey and Spain
|
| 1995 |
- 27% increase in international sales
- Introduction of ArCom® Polyethylene
|
| 1996 |
- Introduction of Mallory-Head® Modular Calcar Revision Series
- Launch of EBI DynaFix External Fixation System
|
| 1997 |
- 2,500 team members in 26 facilities worldwide
- $580.3 million net sales
|
| 1998 |
- Biomet Merck Joint Venture, which expanded Biomet’s European presence and provided global access to biomaterials technologies
- Introduction of Ascent™ Total Knee System
|
| 1999 |
- Biomet enters dental reconstructive market with acquisition of Implant Innovations, Inc. (3i), now known as Biomet 3i
- Alliance with Selective Genetics to develop gene therapy products
- $757.4 million net sales
|
| 2000 |
- Introduction of M2a-Taper™ Acetabular Hip System
- Stock splits 3 for 2
- $920.6 million net sales with 4,000 team members worldwide
|
| 2001 |
- Approximately 100 new products and line extensions introduced
- $1 billion in net sales and over 270 million shares outstanding
- 4,600 team members and over 1,500 sales representatives
|
| 2002 |
- Approximately 80 new products introduced
- Initiation of share repurchase program
- $1.2 billion net sales
|
| 2003 |
- Approximately 85 new products introduced, including Microplasty™ Minimally Invasive Instrumentation
- $1.4 billion net sales
|
| 2004 |
- Introduction of Vanguard™ Complete Knee System
- $1.6 billion net sales
|
| 2005 |
- Domestic introduction of The Oxford® Partial Knee
- Over 500 products introduced over past six years
- $1.9 billion net sales
|
| 2006 |
- President and CEO Dane A. Miller, Ph.D. announces retirement; Dan Hann named as Interim CEO
- Introduction of Vanguard™ SSK Revision System and launch of C2a-Taper™ Acetabular System
- Over $2 billion net sales
- 6300+ team members worldwide and 2,600 sales representatives
|
| 2007 |
- Consortium of private equity firms purchases Biomet for $11.4 billion
- The Oxford® Partial Knee captures 54% U.S. market share and becomes the most widely used partial knee in the world
- Biomet achieves 52% market share in the U.S. metal-on-metal market
- Launch of E-Poly™ HXLPE, Regenerex® Ringloc®+ Modular Acetabular System, NanoTite and Polaris™ 5.5
|
