ZimVie Inc. (NASDAQ:ZIMV) Q4 2023 Earnings Call Transcript

Richard Heppenstall: Yes, Because — and the reason for that is, and I mentioned this to David, a little bit on the call is, once the deal closes there’ll be costs that immediately depart the organization that go with the deal. Then there’s a period because H.I.G. doesn’t have all of the systems and everything and will not have all of the systems and everything set up at close where we’re going to be in TSAs, where we’re still going to bear cost as an organization that is going to be for the most part reimbursed by H.I.G. but not entirely 100%, right? And so when those TSAs fall off, right, then our job is going to be to take out that remaining cost which gets you to that 15% plus that we talked about.

Matt Miksic: Okay. That’s super helpful. Thanks, guys.

Vafa Jamali: Of course. Thanks, Matt.

Operator: I am showing no further questions at this time. Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.