{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-082706","form_type":"8-K","ticker":null,"cik":"0001876588","company_name":"ZimVie Inc.","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.050829+00:00","generated_at":"2026-06-04T04:59:17.792836+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ZimVie closes spine business sale to H.I.G. Capital for $375M; becomes pure-play dental","bullets":["Sale closed April 1; total consideration $375M: $315M cash + $60M promissory note at 10% PIK interest.","ZimVie transitions to pure-play dental company following sale to H.I.G. Capital affiliate.","Target annual financial profile one year post-close: $455M+ net sales and 15%+ adjusted EBITDA margin.","Intends to immediately pay down $275M debt, leaving ~$234M total debt and ~$66M cash as of April 2.","Spine business previously held ZimVie's global spine operations; deferred markets transfer pending."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-082706","json":"https://secwatch.observer/filing/0001193125-24-082706.json","markdown":"https://secwatch.observer/filing/0001193125-24-082706.md","text":"https://secwatch.observer/filing/0001193125-24-082706.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1876588/000119312524082706/0001193125-24-082706-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1876588/000119312524082706/d760449d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:59:17.792836+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7be882473ca03641eadfe1d6427eaae3f9a9b63f","claim":"ZimVie Inc. completed a disposition involving ZEB Buyer, LLC for $375,000,000 (closed 2024-04-01).","evidence_excerpt":"the Purchase Agreement, Purchaser or one of its affiliates acquired all of the issued and outstanding equity interests of the Transferred Entities. The gross purchase price was $375,000,000, comprised of $315,000,000 in cash, subject to certain customary adjustments as set forth in the Purchase Agreement, and $60,000,000 in the form of a subordinated promissory note","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1876588/000119312524082706/0001193125-24-082706-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"ZEB Buyer, LLC"},{"label":"Consideration","value":"$375,000,000"},{"label":"Closing","value":"2024-04-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}