Zimmer Biomet Holdings (ZBH) Tops Q4 EPS by 5c

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Zimmer Biomet Holdings (ZBH) to Spin Off Spine and Dental Businesses

February 5, 2021 6:53 AM EST

Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, today announced its intention to spin off the Company's Spine and Dental businesses to form a new and independent, publicly traded company ("NewCo"). The planned transaction will enhance the focus of both Zimmer Biomet and NewCo to meet the needs of patients and customers and is expected to achieve faster growth and deliver greater value for all stakeholders.

"As part of the third phase of ZB's ongoing transformation, we are changing the complexion of our business through active... More