Zimmer Biomet Announces Intent to Spin Off Spine and Dental Businesses

Spine and Dental Businesses to Combine and Form a New Independent, Publicly Traded Company (NewCo) to Optimize Resource Allocation and Drive Toward Market Leadership

Enables Zimmer Biomet to Sharpen Focus on High Growth, High Priority Areas in Knees, Hips, S.E.T. and CMFT

Transaction Expected to be Accretive to Revenue Growth, Adjusted EBITDA and Operating Margins and Adjusted EPS Growth

Company Separately Announces Q4 and Full-Year 2020 Financial Results