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Actionable news in ZBH: ZIMMER BIOMET HOLDINGS Inc,

Where Will a Healthy Zimmer Biomet Turn Next for Acquisitions?

While some analysts see a buying opportunity after Zimmer Biomet's (ZBH) latest quarterly results, it is the company's efforts to return to growth that could signal merger-and-acquisition opportunities.

The medical-device company is well on track to show a return to growth this year, say Jefferies analysts in a research note Friday. Overall organic revenue growth was about 2.5%, better than their estimate of 1.7%. The analysts also noted that the company's guidance for the second half of the year implies continued growth.

Zimmer Biomet reported second-quarter adjusted earnings of $2.02 per share Thursday that exceeded Wall Street's expectations. Revenue of $1.93 billion for the...