ZimVie Announces Closing of Sale of Spine Business
ZimVie Inc. (ZIMV)
Company Research
Source: GlobeNewswire
PALM BEACH GARDENS, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- ZimVie Inc. (Nasdaq: ZIMV), a global life sciences leader in the dental market, today announced that it has closed the previously communicated sale of its Spine business to an affiliate of H.I.G. Capital for $375 million in total consideration, including $315 million in cash and a $60 million promissory note. “The completion of the sale of our Spine business is the culmination of months of partnership with H.I.G. Capital and years of commitment from our global Spine team members; I would like to thank everyone for their immense contributions,” said Vafa Jamali, President and Chief Executive Officer. “I could not be more excited for the future of our company as we continue to invest in differentiated solutions for Dental patients and providers in our most attractive end markets, while optimizing our structure to deliver value for our shareholders.” Terms of the Agreement Under the terms of the agreement, ZimVie will rec
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ZIMV
News
- ZimVie to Report First Quarter Financial Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- ZimVie to Report First Quarter Financial Results on May 8, 2024GlobeNewswire
- ZimVie Inc. (NASDAQ: ZIMV) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- ZimVie Announces Closing of Sale of Spine Business [Yahoo! Finance]Yahoo! Finance
- H.I.G. Capital Acquires the Spine Business of ZimVie Rebranded as Highridge Medical [Yahoo! Finance]Yahoo! Finance
ZIMV
Earnings
- 11/1/23 - Beat
ZIMV
Sec Filings
- 4/4/24 - Form 8-K/A
- 4/3/24 - Form 4
- 4/2/24 - Form 4
- ZIMV's page on the SEC website