3M’s $8.4bn health care division will be spun out from the company in the first half of 2024 under plans announced this week. The new entity will be known as Solventum, a portmanteau of “solving” and “momentum.”
The company originally expected to complete the tax-free transaction by year-end 2023. (Also see "3M Plans To Spin Off Health Care Business By The End Of 2023" - Medtech...