---
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"
generated_at: "2026-06-04T04:59:17.792836+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ZimVie closes spine business sale to H.I.G. Capital for $375M; becomes pure-play dental

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-082706
- form_type: 8-K
- cik: 0001876588
- company_name: ZimVie Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-082706
- JSON: https://secwatch.observer/filing/0001193125-24-082706.json
- Plain text: https://secwatch.observer/filing/0001193125-24-082706.txt

## Key facts
- M&A Transactions
  ZimVie Inc. completed a disposition involving ZEB Buyer, LLC for $375,000,000 (closed 2024-04-01).
  - Action: disposition
  - Counterparty: ZEB Buyer, LLC
  - Consideration: $375,000,000
  - Closing: 2024-04-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1876588/000119312524082706/0001193125-24-082706-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.