3M names new healthcare spinoff as Solventum

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The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016..

Nov 16 (Reuters) - U.S. industrial conglomerate 3M (MMM.N) said on Thursday its independent healthcare business would be called Solventum following its spinoff.. 3M disclosed plans to spin off its healthcare business into a listed company last year, in which the U.S. industrial giant would retain a 19.9% stake...

The healthcare unit, which focuses on wound care, oral care and healthcare technology, reported about $8.4 billion in sales in 2022.. 3M had said in August that Bryan Hanson would be the chief executive officer of the healthcare company...