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Stock impact report

H.I.G. Capital Acquires the Spine Business of ZimVie Rebranded as Highridge Medical [Yahoo! Finance]

ZimVie Inc. (ZIMV) 
Company Research Source: Yahoo! Finance
management, is pleased to announce that one of its affiliates has completed the acquisition of the Spine division of ZimVie, Inc ("ZimVie", NYSE: ZIMV). The acquired business will operate as an independent entity and has been renamed Highridge Medical ("Highridge" or the "Company"). Headquartered in Westminster, CO, Highridge is a leader in the global spinal device market that develops, manufactures, and delivers a comprehensive portfolio of products and solutions designed to treat a wide range of spine pathologies. The Company has a market-leading portfolio of bone healing therapies and will be led by a team of seasoned executives from the medical device industry. Glen Kashuba will join Highridge as the Chief Executive Officer and Rebecca Whitney will continue as President of Highridge. Eric Major, the founder and former CEO of K2M Group Holdings, will serve as Executive Chairman of the Board of Directors, and Chris O'Connell, former EVP & Group President at Medtronic and CEO of Wa Show less Read more
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