MedTech Dive December 8, 2023
Ricky Zipp

Edwards is the latest healthcare firm to spin off a business to focus on specific markets, following larger companies like Johnson & Johnson and GE.

Dive Brief:

  • Edwards Lifesciences plans to spin out its critical care unit as an independent company at the end of next year, continuing the trend of medtechs using spinoffs as a strategy to focus on specific businesses and markets.
  • CEO Bernard Zovighian said during a Thursday investor day event that the spinoff will allow Edwards to focus on its cardiac businesses, such as transcatheter aortic valve replacement (TAVR) and transcatheter mitral and tricuspid therapies (TMTT), and allow critical care to be more focused and flexible.
  • Edwards also announced its 2024 financial forecast ahead of...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

Continue Reading

 
Topics: Medical Devices
Related Articles:
Promise and Perils of AI in Medicine
Samsung Acquires AI-Powered Prenatal Ultrasound Startup
Abbott launches its first over-the-counter continuous glucose monitor in the U.S.
Samsung finalizes $92M acquisition of French ultrasound AI firm Sonio
Medtech venture investment recovery continues, but startup M&A remains limited: Pitchbook

Share This Article