3m To Sell Healthcare Business

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3M Completes Spin-off of Solventum - Apr 1, 2024

(5 days ago) WebST. PAUL, Minn., April 1, 2024 /PRNewswire/ -- Today, 3M completed the planned spin-off of its health care business, which formally launches Solventum Corporation as an independent company. Solventum is listed on the New York Stock Exchange as SOLV. …

https://news.3m.com/2024-04-01-3M-Completes-Spin-off-of-Solventum

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3M will spin off its health-care business into a new public company

(4 days ago) WebKey Points. 3M announced Tuesday that it will spin off its health-care business into a separate publicly traded company. The new business will focus on …

https://www.cnbc.com/2022/07/26/3m-will-spin-off-its-health-care-business-into-a-new-public-company.html

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3M Board of Directors Approves Spin-off of Solventum - Yahoo …

(8 days ago) WebST. PAUL, Minn., March 8, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced that its Board of Directors has approved the planned spin-off of its Health Care business, …

https://finance.yahoo.com/news/3m-board-directors-approves-spin-165500127.html

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3M Announces Filing of Form 10 Registration Statement for …

(2 days ago) WebSolventum anticipated to spin off from 3M on April 1, 2024. ST. PAUL, Minn., Feb. 21, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced the filing of a Form …

https://news.3m.com/2024-02-21-3M-Announces-Filing-of-Form-10-Registration-Statement-for-Planned-Spin-Off-of-Health-Care-Business-as-Solventum

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3M will spin off $8.6 billion health care business into new company

(6 days ago) WebThe company is already selling off its food safety business to Michigan-based Neogen, with that deal expected to close in September. The health care spinoff is …

https://www.mprnews.org/story/2022/07/26/3m-will-spin-off-86-billion-health-care-business-into-new-company

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3M health care spinoff Solventum prioritizing paying down $8.3B …

(9 days ago) WebSolventum, the spinoff of 3M's health care business, is starting out as Minnesota's newest public company with a heavy debt load and stagnant sales. The …

https://www.startribune.com/3m-health-care-solventum-spinoff-revenue-sales-debt-earnings/600364811/

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3M to spin off healthcare business, earplugs unit seeks bankruptcy

(3 days ago) WebQ2 profit of $2.48/share beats est. of $2.42. July 26 (Reuters) - 3M Co (MMM.N) on Tuesday disclosed plans to spin off its healthcare business into a listed …

https://www.reuters.com/business/healthcare-pharmaceuticals/3m-spin-off-healthcare-business-2022-07-26/

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3M to spin off healthcare business, earplugs unit seeks bankruptcy

(7 days ago) WebThe healthcare business, in which 3M will retain a stake of 19.9%, will focus on wound care, oral care and healthcare technology. The company expects to complete …

https://finance.yahoo.com/news/3m-spin-off-healthcare-business-104254659.html

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3M to spin off $8.6 billion health care business - Star Tribune

(Just Now) WebShare. 3M plans to spin off its $8.6 billion health care business, a move meant to sharpen its focus and boost profitability. While not a complete breakup like …

https://www.startribune.com/3m-to-spin-off-8-6-billion-health-care-business-create-new-3m/600193073/

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3M’s $8B healthcare business to go solo - Fierce Biotech

(8 days ago) WebThe separation announcement gave 3M’s stock a bit of a boost: It opened Tuesday morning around $143.50, about a 7% jump from Monday’s closing price. News …

https://www.fiercebiotech.com/medtech/3m-separate-8b-healthcare-business-standalone-public-company

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3M completes Solventum healthcare business spinoff

(8 days ago) WebThe 3M board approved the spinoff in March, confirming the effective date for today, April 1. The St. Paul, Minnesota–based manufacturing giant first announced plans …

https://www.massdevice.com/3m-completes-solventum-healthcare-business-spinoff/

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3M (MMM) Plans to Spin Off Health-Care Business by End of Next …

(2 days ago) WebA spinoff could boost 3M’s sagging value, bolster its capital allocation strategy and give it “a liquidity war chest,” according to a note from Bloomberg Intelligence …

https://www.bloomberg.com/news/articles/2022-07-26/3m-plans-to-spin-off-health-care-business-by-end-of-next-year

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Manufacturing Titan 3M Is Spinning Off Its Healthcare Business

(5 days ago) WebEarlier today, 3M announced that it will formally separate its healthcare division into a separate, spin-off business. The press release explains that its …

https://www.forbes.com/sites/saibala/2022/07/26/manufacturing-titan-3m-is-spinning-off-its-healthcare-business-into-a-separate-company/

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3M CEO says healthcare spinout 'progressing' as revenues fall …

(9 days ago) WebThe updates on the spinout came as 3M reported falling revenues across the entire company. Net sales weighed in at $8.3 billion, down 3.6% from the same time last …

https://www.fiercebiotech.com/medtech/3m-ceo-says-healthcare-spinout-progressing-revenues-fall-across-company

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3M Announces Plans to Create Long Term Value Through Spin-Off …

(1 days ago) WebPAUL, Minn., July 26, 2022 /PRNewswire/ -- 3M (NYSE: MMM) today announced its intent to spin off its Health Care business, resulting in two world-class public companies well …

https://www.prnewswire.com/news-releases/3m-announces-plans-to-create-long-term-value-through-spin-off-of-health-care-business-301593185.html

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3M to spin off health care division - The Boston Globe

(1 days ago) Web3M to spin off health care division. The company will retain a stake of 19.9 percent in the medical-supplies business initially and sell off the holding over time, 3M …

https://www.bostonglobe.com/2022/07/26/business/3m-spin-off-health-care-division/

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3M to spin off health care business Fox Business

(8 days ago) Web3M said on Tuesday that it would spin off its health care business into a separate publicly traded company. 3M will retain a 19.9% stake in the new company.

https://www.foxbusiness.com/markets/3m-spin-off-health-care-business

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What 3M's health care spinoff could mean for Minnesota

(3 days ago) WebThe health care business makes things like bandages and dental supplies. It accounts for about a quarter of the company's annual sales. The intrigue: We don't yet …

https://www.axios.com/local/twin-cities/2022/07/27/3m-health-care-spinoff-minnesota

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3M Reveals Solventum as New Name for Planned, …

(5 days ago) Webrequired conditions. Until the spin-off, the Health Care Business continues to be part of 3M and governed by the policies and procedures of 3M. 3M's Health Care …

https://news.3m.com/2023-11-16-3M-Reveals-Solventum-as-New-Name-for-Planned,-Independent-Health-Care-Company-Following-Spin-Off?asPDF=1

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3M to Cut Dividend on Health-Care Spin, Losing Aristocrat Status

(4 days ago) Web3M Co. plans to slash its dividend, ending more than six decades of boosting the payout each year as it enters a new era following the spinoff of its health-care …

https://www.bloomberg.com/news/articles/2024-04-30/3m-to-cut-dividend-on-health-care-spin-losing-aristocrat-status

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Health Care 3M US

(3 days ago) WebThe 3M Health Care Service Group helps customers prevent and resolve problems by reliably delivering support and service solutions - so our customers can focus on what's …

https://www.3m.com/3M/en_US/health-care-us/

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3M to Cut Dividend After Healthcare Spinoff; Stock Rises

(7 days ago) Web3M products include Scotch tape and Post-it notes. (Nate Ryan for The Wall Street Journal) Dividend aristocrat 3M will soon join the commoners, after the company …

https://www.wsj.com/livecoverage/stock-market-today-earnings-04-30-2024/card/3m-to-cut-dividend-in-wake-of-health-care-spinoff-f0gTghcjrgguP0ZwyGjr

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3M Cut Its Dividend: It's Time to Buy the Stock The Motley Fool

(8 days ago) WebIf we assume free cash flow (FCF) per share of $7.05 based on earnings guidance for 2024 (which excludes the now-spun-off healthcare business, Solventum), …

https://www.fool.com/investing/2024/05/07/3m-cut-its-dividend-its-time-to-buy-the-stock/

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3M’s stock heads for 15-month high as analyst says it’s no longer …

(8 days ago) WebBrooks also sees conservatism in the company’s current forecast, which reflects the recent separation of the Solventum healthcare business. 3M now models …

https://www.msn.com/en-us/money/other/3m-s-stock-heads-for-15-month-high-as-analyst-says-it-s-no-longer-a-leaky-boat/ar-BB1maWef

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3 Dow Stocks to Sell in May Before They Crash & Burn

(9 days ago) WebHere are three Dow stocks to sell in May before the crash and burn. going on at 3M (NYSE: MMM) right now. Earlier this year, the maker of Post-it notes spun off its …

https://markets.businessinsider.com/news/stocks/3-dow-stocks-to-sell-in-may-before-they-crash-burn-1033362951

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3M Is Leaner and Ready to Grow. It’s Time to Buy the Stock.

(5 days ago) WebNo longer. 3M has been making big changes that have resulted in a smaller, safer, and more nimble company. It spun off its healthcare business on April 1, …

https://www.barrons.com/articles/buy-3m-stock-price-pick-4bc973b4

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Steward Health Care says it is selling the hospitals it operates

(2 days ago) WebSteward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection. The Dallas-based company, which …

https://www.boston.com/news/business/2024/05/08/steward-health-care-says-it-is-selling-the-hospitals-it-operates-including-8-in-massachusetts/

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3M beats profit estimates on improved electronics demand

(2 days ago) Web3M reported an adjusted profit of $2.39 per share for the first quarter on adjusted net sales of $7.72 billion, above the average analyst expectation of $2.10 of …

https://www.reuters.com/business/3m-quarterly-profit-jumps-price-hikes-cost-cuts-2024-04-30/

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Steward Health Care says it is selling the 30+ hospitals it operates

(7 days ago) WebSteward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection.. The Dallas-based company, which …

https://apnews.com/article/steward-hospital-bankruptcy-264edc6309f7b9eaa309c4113211ce30

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Steward Health Care files for bankruptcy - The Business Journals

(2 days ago) WebThe company could sell some of its 30 hospitals. Dallas-based Steward Health Care, a national hospital operator with five hospitals in South Florida, filed Chapter 11 …

https://www.bizjournals.com/southflorida/news/2024/05/06/steward-health-care-bankruptcy.html

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Japan's Takeda Pharma to restructure after annual profit slump

(4 days ago) WebJapan's biggest drugmaker said it will incur restructuring costs of about 140 billion yen ($899 million) this fiscal year as part of a plan to optimise its workforce, cut …

https://www.reuters.com/business/healthcare-pharmaceuticals/japans-takeda-pharma-says-full-year-profit-slumps-56-2024-05-09/

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