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BRIEF-Baxter Announces Definitive Agreement To Divest Its Vantive Kidney Care Segment To Carlyle For $3.8 Billion
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BRIEF-Baxter Announces Definitive Agreement To Divest Its Vantive Kidney Care Segment To Carlyle For $3.8 Billion
Aug 13, 2024 4:22 AM

Aug 13 (Reuters) - Baxter International Inc ( BAX ):

* BAXTER ANNOUNCES DEFINITIVE AGREEMENT TO DIVEST ITS

VANTIVE

KIDNEY CARE SEGMENT TO CARLYLE FOR $3.8 BILLION

* BAXTER INTERNATIONAL INC ( BAX ) - FOLLOWING COMPLETION OF PENDING

SALE

OF KIDNEY CARE, TARGETING OPERATIONAL SALES GROWTH OF 4% TO 5%

ANNUALLY

* BAXTER: EXPECTS TO FULLY OFFSET STRANDED COSTS AND LOSS OF

TSA

INCOME IN 2027 THROUGH COST CONTAINMENT INITIATIVES

* BAXTER INTERNATIONAL ( BAX ) - FOR 2025, SEES ADJUSTED OPERATING

MARGIN

OF ABOUT 16.5% ON A CONTINUING OPERATIONS BASIS

Source text for Eikon:

Further company coverage:

(Reuters.Briefs@thomsonreuters.com)

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