Zinzino Acquires Assets of Zurvita: A New Chapter in the Direct-Selling Healthcare Industry
GOTHENBURG, Sweden, Feb. 14, 2025 /PRNewswire/ —
In a press release dated December 21, 2024, Zinzino announced that the company has finalized an agreement to acquire the assets of Zurvita, a direct-selling healthcare company, after serving as a debtor-in-possession (DIP) financier during Zurvita’s Chapter 11 bankruptcy proceedings. Zinzino provided DIP financing totaling USD 4.5 million, and following the successful completion of the restructuring process, its offer to acquire Zurvita’s assets has been accepted as part of a debt-settled purchase arrangement.
This recent development marks a significant milestone in the direct-selling healthcare industry, as Zinzino expands its portfolio and strengthens its position in the market. With the acquisition of Zurvita’s assets, Zinzino gains access to new products, technologies, and a broader customer base, enhancing its capabilities and competitiveness.
By providing DIP financing to Zurvita during its Chapter 11 proceedings, Zinzino demonstrated its commitment to supporting companies in challenging times and fostering growth and innovation within the industry. The successful completion of the restructuring process and acquisition of Zurvita’s assets not only benefits Zinzino but also presents new opportunities for stakeholders and customers alike.
As Zinzino integrates Zurvita’s assets into its operations, customers can expect to see new and improved products and services that combine the strengths of both companies. This acquisition paves the way for synergies and collaborations that will drive innovation and enhance the overall customer experience in the direct-selling healthcare sector.