Zimmer Biomet Announces Filing of Form 10 Registration Statement in Connection with Planned Spinoff of ZimVie; ZimVie to Host Investor Day on February 7

Rhea-AI Summary

Zimmer Biomet Holdings (NYSE: ZBH) announced the filing of a Form 10 with the SEC for the spinoff of its Dental and Spine businesses into a new company named ZimVie. The Form 10 outlines ZimVie's business strategy and historical financials. ZimVie will hold a virtual Investor Day on February 7, 2022, featuring insights on its market opportunities and financial outlook. The spinoff aims to optimize resource allocation and is expected to close in Q1 2022. ZimVie will focus on dental and spine markets, headquartered in Westminster, Colorado.

WARSAW, Ind. and WESTMINSTER, Colo., Jan. 21, 2022 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today announced that it has filed a Form 10 registration statement with the United States Securities and Exchange Commission ("SEC") in connection with the intended spinoff of its Dental and Spine businesses into a standalone, publicly traded company, ZimVie.

The Form 10 includes detailed information about ZimVie, such as historic financial information, a description of ZimVie's business and strategy, and other legal and financial disclosures. A copy of the Form 10 is available on the SEC website at www.sec.gov.

In addition, ZimVie will host a virtual Investor Day on Monday, February 7, 2022 from 11:00 a.m. to approximately 3:00 p.m. Eastern Time. The virtual event will feature presentations from ZimVie leaders outlining its Dental and Spine offerings, addressable market opportunity, financial outlook, business strategy, and the broader organizations supporting these businesses. The event will feature a live Q&A panel following speaker presentations.

A live and archived webcast of the event can be accessed via Zimmer Biomet's Investor Relations website at https://investor.zimmerbiomet.com. 

Zimmer Biomet announced in February 2021 its intent to form a new independent, publicly traded company to optimize resource allocation and drive toward market leadership. That transaction process remains on track, with an expected close in the first quarter of 2022.

About Zimmer Biomet 
Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. We seamlessly transform the patient experience through our innovative products and suite of integrated digital and robotic technologies that leverage data, data analytics and artificial intelligence.  

With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the highest quality solutions to patients and providers. Our legacy continues to come to life today through our progressive culture of evolution and innovation. 

For more information about our product portfolio, our operations in 25+ countries and sales in 100+ countries or about joining our team, visit www.zimmerbiomet.com or follow Zimmer Biomet on Twitter at www.twitter.com/zimmerbiomet.

About ZimVie
ZimVie will focus on the dental and spine markets and their respective growth drivers such as implants, surgical tools, bone graft substitutes, spinal fusion implants, non-fusion alternatives, and digital care management solutions. "Zim" derives from Zimmer Biomet, the new company's roots — and "Vie" is the French word for "life," symbolizing the future. ZimVie's headquarters will be in Westminster, Colorado.

345 E. Main St. 
Warsaw, IN 46580 
www.zimmerbiomet.com 

Zimmer Biomet Media
Meredith Weissman
703-346-3127
meredith.weissman@zimmerbiomet.com

Zimmer Biomet Investors
Keri Mattox
215-275-2431
keri.mattox@zimmerbiomet.com

Ezgi Yagci
617-549-2443
ezgi.yagci@zimmerbiomet.com

ZimVie Investors 
Lynn Lewis or Marissa Bych
Gilmartin Group LLC
lynn@gilmartinir.com
marissa@gilmartinir.com

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SOURCE Zimmer Biomet Holdings, Inc.

FAQ

What is the purpose of Zimmer Biomet's Form 10 filing for ZimVie?

Zimmer Biomet filed the Form 10 to provide details about the spinoff of its Dental and Spine businesses into ZimVie, which will become a standalone public company.

When will ZimVie hold its virtual Investor Day?

ZimVie will host its virtual Investor Day on February 7, 2022, from 11:00 a.m. to 3:00 p.m. Eastern Time.

What key information is included in the Form 10 for ZimVie?

The Form 10 includes historic financial data, a business description, strategy, and other legal disclosures regarding ZimVie.

What markets will ZimVie focus on after the spinoff from Zimmer Biomet?

ZimVie will focus on the dental and spine markets, including implants and surgical tools.

When is the expected completion date for the ZimVie spinoff?

The ZimVie spinoff from Zimmer Biomet is expected to close in the first quarter of 2022.