Reported 8 months ago
Dental implants manufacturer ZimVie Inc. is exploring a potential sale after receiving takeover approaches. The Palm Beach-based company, which was spun off from Zimmer Biomet Holdings Inc. in 2022, is currently working with an adviser to evaluate options following interest from potential buyers, including buyout firms and industry players. ZimVie's shares surged by 19% in New York, reaching a market value of approximately $481 million. The company, with operations in the US, Switzerland, and China, recently completed the sale of its spine business to H.I.G. Capital for $375 million. However, discussions are still in the early stages, and ZimVie may choose not to proceed with a deal. A ZimVie representative declined to comment.
Source: YAHOO