Zimmer Biomet, a global medical technology leader, completed the spinoff of its former Dental and Spine businesses into a new, independent publicly traded company named ZimVie.
Key Development: ZimVie Spinoff
Zimmer Biomet strategically divested its Dental and Spine segments, forming ZimVie, to streamline its operations and enhance focus on its core medical technology areas. This move allows both Zimmer Biomet and ZimVie to pursue their distinct growth strategies with greater agility and dedicated resources.
The Birth of ZimVie
ZimVie was established specifically to house the Dental and Spine product lines that were previously part of Zimmer Biomet. This separation allows ZimVie to concentrate solely on innovations and market opportunities within these specialized fields.
- Business Focus: ZimVie's portfolio includes dental implant systems, biomaterials, and spinal surgical solutions.
- Market Listing: ZimVie shares began "regular way" trading on the Nasdaq stock exchange under the symbol "ZIMV."
Zimmer Biomet's Ongoing Focus
Following the spinoff, Zimmer Biomet (traded on NYSE and SIX under the symbol ZBH) continues to operate as a leading global medical technology company. Its focus remains on its established core businesses, which include:
- Knee and Hip reconstruction
- Sports Medicine, Extremities, and Trauma
- Surgical technologies
This strategic restructuring is designed to optimize performance and drive innovation in each entity's respective market segments.
Spinoff Details at a Glance
The table below summarizes the key changes and characteristics before and after the ZimVie spinoff:
| Aspect | Before Spinoff (Zimmer Biomet) | After Spinoff |
|---|---|---|
| Primary Entity | Zimmer Biomet (NYSE and SIX: ZBH) | Zimmer Biomet (NYSE and SIX: ZBH) |
| Business Scope | Comprehensive medical technology, including Dental and Spine | Focused on core medical technology (excluding Dental & Spine) |
| New Entity Formed | Not applicable | ZimVie (Nasdaq: ZIMV) |
| ZimVie's Focus | Part of Zimmer Biomet's broader portfolio | Dedicated to Dental and Spine businesses |
| Spinoff Completion | Not applicable | March 1, 2022 |
The completion of the ZimVie spinoff marked a significant strategic evolution for Zimmer Biomet, allowing both entities to pursue specialized growth trajectories within the competitive medical technology landscape.
