Baxter To Spin Off Its Kidney Care Business Unit Into A New Publicly Traded Company To Deliver Dialysis Innovations

On January 6, 2023, Baxter International Inc., a medical technology company, announced plans to spin off the company's Renal Care and Acute Therapies global business units (GBUs) into an independent, publicly traded company focused on kidney care and dialysis innovations. The spinoff is expected to be completed within the next 12 to 18 months.

Both companies will build on Baxter’s history of assisting health care consumers and health care provider organizations while looking to improve service quality and innovation. The hope is that each company, Baxter, and the as-yet-unnamed spinoff, can focus on its respective strengths . . .