secwatch.observer — SEC 8-K summary
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Issuer:     ZimVie Inc. (—)
CIK:        0001876588
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0000950170-23-072223
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.06
LLM model:  deepseek-v4-flash:cloud@v2

ZimVie expects $250M-$310M non-cash impairment in Q4 from Spine sale
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- Non-cash impairment charge of $250M to $310M in Q4 2023.
- Charge due to Spine business assets classified as held for sale under sale agreement with H.I.G. Capital.
- Agreement entered December 15, 2023; no material cash expenditures expected from impairment.
- Impairment follows previously announced definitive agreement to sell Spine business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1876588/000095017023072223/0000950170-23-072223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1876588/000095017023072223/zimv-20231215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-072223

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