✉news HealthNutrition first seen 4 d ago, last 3 d ago, peak #17
Abbott to Spin Off Nutrition Business
Original: Abbott to Separate Nutrition Business as Quarterly Results, Along With Thermo Fisher, Danaher Rise Annually
Abbott Laboratories has announced plans to separate its nutrition business into a standalone company, as the healthcare group reported quarterly results that rose year over year. The news comes alongside similarly strong annual growth in quarterly results from Thermo Fisher Scientific and Danaher, with all three companies posting increases. Abbott's nutrition unit, known for products including infant formula, will be split from its medical devices and diagnostics operations.
Why now: Abbott's decision to break up its business structure and strong earnings from major healthcare companies are driving investor interest.
Abbott LaboratoriesThermo Fisher ScientificDanaher
Evidence
- Abbott to Separate Nutrition Business as Quarterly Results, Along With Thermo Fisher, Danaher Rise Annually · Yahoo Finance
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