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Transaction includes BPS manufacturing facilities and approximately 1,700 employees in Bloomington, IN and Halle, Germany.
May 8, 2023
By: Anthony Vecchione
Baxter International Inc., a global medtech company, signed a definitive agreement to divest its BioPharma Solutions (BPS) business to Advent International, a global private equity investor, and Warburg Pincus, a global growth investor. Under the agreement, Baxter will receive $4.25 billion in cash, subject to certain closing adjustments, with net after-tax proceeds currently estimated to be approximately $3.4 billion. The transaction is expected to close in the second half of 2023. Baxter...
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