ZimVie to Join S&P SmallCap 600
ZimVie will replace Tabula Rasa Healthcare in the S&P SmallCap 600 index on March 2, 2022. This change comes as Zimmer Biomet Holdings spins off ZimVie, effective March 1, 2022. Post spin-off, Zimmer Biomet will continue to be a part of the S&P 500 index. Tabula Rasa Healthcare is being removed due to its lack of representation in the small-cap market.
- ZimVie is being added to the S&P SmallCap 600, which may increase its visibility and attract investors.
- The spin-off from Zimmer Biomet could provide ZimVie with a focused market strategy.
- Tabula Rasa Healthcare's removal from the S&P SmallCap 600 may indicate its declining market relevance.
NEW YORK, Feb. 23, 2022 /PRNewswire/ -- ZimVie Inc. (NASD:ZIMV) will replace Tabula Rasa Healthcare Inc. (NASD:TRHC) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 2. S&P 500 constituent Zimmer Biomet Holdings Inc. (NYSE: ZBH) is spinning off ZimVie in a transaction expected to be completed on March 1. Post spin off, Zimmer Biomet Holdings will remain in the S&P 500. Tabula Rasa Healthcare is no longer representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
March 2, 2022 | S&P SmallCap 600 | Addition | ZimVie | ZIMV | Health Care |
March 2, 2022 | S&P SmallCap 600 | Deletion | Tabula Rasa Healthcare | TRHC | Health Care |
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FAQ
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