MedTech Dive February 22, 2024
The company broke down Solventum’s expected growth and risks as a standalone business in a recent federal filing.
Dive Brief:
- 3M plans to spin off its healthcare business Solventum on April 1, the conglomerate said Wednesday.
- The company shared the date, which narrows its earlier target of the first half of 2024, alongside a registration statement that describes Solventum and the risks it could face as an independent firm.
- 3M expects Solventum’s adoption of its own information technology systems to be “expensive and time consuming.” Transitioning away from 3M systems could cause “temporary interruptions in business operations” and “create risks to Solventum’s relationships with customers.”
Dive Insight:
3M disclosed plans to spin off its healthcare operation in July...
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Topics: Medical Devices