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These strategic plans include the spin-off of its Renal Care and Acute Therapies global business units into an independent, publicly traded company; simplification of its commercial and manufacturing footprint that will enhance underlying business performance; and portfolio actions to improve Baxter's capital structure. Baxter is a leader in the global kidney care industry with a legacy of more than seven decades.
It serves more than one million patients annually in over 70 countries. The company is planning to spin-off the business into a separate entity. Management expects the spinoff to qualify as tax-free for Baxter and its shareholders for U.
The company believes that the spin off of Renal Care and Acute Therapies businesses into an independent company will help it focus on its own investment priorities. Enhanced management focus will likely lead to better growth opportunities and investments for innovation. As a standalone unit, it is likely to be better-equipped and focused to deliver robust service capabilities that will support its therapies delivered in homes, clinics, and Intensive Care Units across the globe.
Baxter also announced that it is working on a new operating model that will be implemented parallelly with the spin-off actions. This new model is likely to help the company in becoming a more integrated and nimble organization that can respond to changes in the environment quickly and more effectively. The company looks to provide an update on its new operating model plans on its next earnings call scheduled on Feb 9.
As part of its strategic actions, Baxter is also pursuing strategic alternatives for its BioPharma Solutions BPS business, which includes a potential sale or other separation options.
Although the BPS business has continued opportunities for growth, the business model and client focus have limited strategic alignment with the rest of Baxter's portfolio. The divestment of this business segment will help the company streamline its focus and provide an opportunity for capital redeployment in accordance with its stated capital allocation priorities, including debt repayment.
AMN Healthcare has declined 6. Cardinal Health, carrying a Zacks Rank of 2 at present, has an estimated growth rate of 5. Cardinal Health has gained Merit Medical has gained Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. Baxter International Inc. Cardinal Health, Inc. Merit Medical Systems, Inc. To read this article on Zacks. Zacks Investment Research. The sector-wide optimism was helped along by a positive note from Bank of America semiconductor analyst Vivek Arya this morning, along with continued optimism over moderating inflation and the broader economy.
The telecom giant saw its stock price erode by nearly 2. The company faced two severe headwinds: surging interest rates and concerns about some of its tenants' ability to pay rent. Meanwhile, the company has gotten good news on some of its ailing tenants. The bear market knocked down growth stocks by the dozens last year -- even if these companies didn't report bad news.
So, if a particular growth company actually did report disappointing news, losses were much greater.
His tunes, songs and stories are imbued and performed with the spirit of the seafaring people with whom he grew up, who he has always admired and from whom he learned many of the pieces in his vast repertoire," Joe Byrne wrote of Wareham as part of the Folk Art Society's award. What's white, frosty and seen all over Yellowknife last week?
Hint: the answer isn't snow, exactly. There's something else quite like it however, that was forming on your car windows, on trees, and power lines. It's called rime ice, though some might confuse it for hoarfrost. It's since been blanketed in snow thanks to the dump over the weekend. Rime ice happens when fog particles start to freeze. Canadian politicians were working to bring Mursal Nabizada, a woman who used to serve as a Member of Parliament in Afghanistan before the Taliban's takeover in August , to this country before she was killed this weekend.
The exact circumstances of Nabizada's death are unclear, but police in Kabul said she and her bodyguard were killed by unknown gunmen, and her brother injured, all in an attack that took place at her home overnight on Saturday.
Climate activists have vandalised car industry billboards in a coordinated campaign in Europe to highlight the sector's environmental impact. In Brussels, the action was timed to coincide with the th anniversary of its International Motor Show. View on euronews. Country Scramble. John's Regatta has been rowed for over years. Now Connolly is making a name for himself across a much larger pond, in Edinburgh as an industrial designer for startup company Rival Kit.
Constantine's wife, Anne-Marie, the sister of Denmark's Queen Margrethe II, and his eldest son, Pavlos, followed at the head of the funeral procession. The casket, draped with the Greek flag, was loaded into a hearse for. MONTREAL — Communication between people is less effective when it's done through technology as opposed to in person — and remote video chatting may even require a greater level of concentration, a new study by Montreal researchers suggests.
The study's results, its authors say, could help explain "Zoom fatigue" — the discomfort that many felt during the COVID pandemic after spending entire days participating in online meetings. Derek Burgoyne gets to witness the beauty of nature while working in the woods in central New Brunswick, but he never expected to capture this.
Using his drone, the Plaster Rock man was able to record the moment a bull moose shed its antlers. Burgoyne, who has collected shed antlers since he was a kid, said this moment was something special. The owner of controversial floodlights in the historic Outer Battery neighbourhood of St.
John's has a running list of ongoing lawsuits, and local residents are concerned his penchant for suing people is keeping the city from stepping in. Colin Way, who owns multiple properties at the end of Outer Battery Road, erected a powerful lighting system and neighbours have complained for months that it's shining into their houses and interfering with their everyday lives. Despite being criminally charge. HALIFAX — Police in Halifax seized a small arsenal of weapons from a home late Monday, including grenades, two swords, a spear, four handguns and more than two dozen long guns.
It is routine for the Mounties to follow up on such calls to confirm there is no emergency. Upon arriving at the home, officers learned there had been a dispute between a ma.
Our Products. Our global product portfolio enables healthcare professionals to be more efficient and effective in treating patients at the hospital bedside, in the operating theater, in critical care units, at home and in the dialysis clinic. We are working alongside our partners to find new and smarter ways to improve patient outcomes, prevent complications before they become life . Jan 9, · Baxter (BAX) plans several strategic actions, including spin-off of Renal Care and Acute Therapies global business units into an independent, publicly traded company to simplify its operating model. Products. Designers. Press. Tabloid. Stores. Case Histories. X. DISCOVER MORE. © BAXTER · P. IVA | via Costone 8, Lurago d'Erba (CO) - ITALY | phone +39 e-mail [email protected] | Registered Office: via Trento 68, Meda (MB) - ITALY.