3M names health care spinoff Solventum

3M names new healthcare spin-off

3M’s major healthcare spin-off will keep a sizable presence in Minnesota under the new name Solventum, which represents the combination of the words “solving” and “momentum.” The independent company will span some 20,000 professionals in four major business categories oral care, healthcare information technology, filtration and purification, and “medical solutions” that resulted in some $8.4 billion in sales in 2022. That qualifies the spin-…

3M names health care spinoff Solventum

3M is giving a new glimpse of the future of its $8 billion health care business, which it plans to spin off next year into an independent company.

3M names new healthcare spin-off

3M’s major healthcare spin-off is staying in Minnesota — for now — under the new name Solventum, which represents the combination of the words “solving” and “momentum.” The independent company will span some 20,000 professionals in categories such as wound care, healthcare information technology, filtration and more, resulting in some $8.4 billion in sales in 2022. That qualifies the spin-off to become its own Fortune 500 company, a threshold th…

3M reveals Solventum as the name of its health care spinoff

The separation of Solventum from Maplewood-based 3M should be complete by the middle of next year.