Biomet Inc. Nov 07
- ID: 2197387
- November 2007
- Standard & Poors
One of the leading providers of orthopedic products; Long-standing customer relationships; and Operates in an industry characterized by stable market share. High debt leverage; Very high interest expense; and Concentration in reconstructive products. The ratings on Warsaw, Ind.-based Biomet Inc. reflect a satisfactory business risk profile, largely offset by high debt leverage: Debt to EBITDA is about 8x as a result of a sponsor buyout. Given Standard & Poor's Ratings Services' expectation of only moderate cash flow relative to debt, the company's ability to deleverage will, to a great extent, be a function of its ability to increase EBITDA over the next several years. Biomet designs, manufactures, and markets products used primarily by musculoskeletal medical specialists in both surgical and...
Companies mentioned in this report are:
- Biomet Inc.
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