MedTech Dive July 19, 2024
Bloomberg first reported M&A rumors in June when Zimvie was approached about a takeover.
Dive Brief:
- Dental firm Osstem Implant is in advanced talks to acquire Zimvie, Bloomberg reported Wednesday.
- Osstem submitted a final bid for Zimvie and lined up financing for a potential deal, anonymous sources told Bloomberg. No financial terms were reported. A spokesperson for Zimvie said in an email to MedTech Dive that “it is the company’s policy not to comment on market rumors or speculation.”
- The discussions about a potential sale come less than a year after Zimvie sold its spine business to investment firm H.I.G. Capital for $375 million.
Dive Insight:
Zimvie spun out of Zimmer Biomet in 2022 and has...
Today's Sponsors
Today's Sponsor