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Friday, January 6, 2023

Baxter to spin off renal care

 

  • Planning to spin off the Renal Care and Acute Therapies global business units into an independent, publicly traded company in the next 12-18 months

  • Simplifying operating model and manufacturing footprint to drive strategic clarity, improve operational efficiencies and accelerate future growth

  • Exploring strategic alternatives for BioPharma Solutions business to further enhance focus and improve capital structure

  • Hosting investor call today at 7:30 a.m. CST

Baxter plans to hold an investor call today, January 6, 2023, at 7:30 a.m. CST to discuss this announcement. The call will be hosted by Joe Almeida, Chief Executive Officer, and Jay Saccaro, Chief Financial Officer. The webcast can be accessed live from a link in the Investor Relations section of the company’s website at www.baxter.com. Please see www.baxter.com for more information regarding this and future investor events and webcasts.

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