Four notes:
1. Total third party net sales were a 4.1 percent decrease compared to the same time in 2022.
2. Spine sales fell 8.1 percent year-over-year with $104.9 million. Dental sales were about the same as the first quarter of 2022 with just over $120 million in sales.
3. ZimVie saw a $30 million net loss in the first quarter of 2023.
4. The company initiated a restructuring program which includes a 5 percent reduction in its global workforce and reductions in discretionary spending. This is expected to generate $17 million to $20 million in savings by 2024.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.