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3M Spins-Off of Health Care Business

Standalone Health Care business will be focused on wound care, oral care, healthcare IT and biopharma filtration.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

3M has unveiled plans to spin off its Health Care business, resulting in two public companies. The New 3M will remain a global material science company serving customers across a range of industrial and consumer end markets, and Health Care will be a global healthcare technology company focused on wound care, healthcare IT, oral care and biopharma filtration. “Today’s actions advance our ability to create value for customers and shareholders,” said Mike Roman, CEO, 3M. &#822...

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