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New Deal


Announced

Completed

Zimmer Biomet completed the spin-off of ZimVie in a $820m deal.

Financials

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Transaction Value£620m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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dental services

Spin Off

Single Bidder

United States

Majority

Friendly

Health Care Services

Domestic

spine services

Demerger

Public

Completed

Synopsis

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Zimmer Biomet, a global medical technology provider, completed the spin-off of ZimVie, a dental and spine businesses, in a $820m deal. "We are confident that this transaction will create shareholder value for both companies and will allow us to increase our focus and enhance revenue growth for our core businesses," Bryan Hanson, Zimmer Biomet Chairman, President and CEO.

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