MedTech Dive January 24, 2024
The healthcare leadership team will share more details as the completion of the transaction approaches.
3M remains on track to spin out its healthcare unit in the first half of the year, the company said as part of its fourth-quarter results.
The company announced the plan to separate its healthcare business in July 2022, at which time it aimed to complete the split by the end of 2023. While the process has taken longer than originally planned, there have been no further delays since 3M pushed back the target completion date into the first half of 2024.
On a conference call with investors to discuss fourth-quarter results Tuesday, Bruce Jermeland, 3M’s senior vice president of investor relations, confirmed the spinoff...