Abbott plans to separate nutrition business into independent public company
Bitget2026/10/21 12:09Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Abbott plans to separate its global Nutrition business into an independent, publicly traded company by the end of 2027.
- The new company will have approximately $8.5 billion in annual sales, with brands including Similac, Ensure and other nutrition products.
- Shares in the Nutrition company will be distributed to existing shareholders, who will retain ownership in both companies.
- Daniel Salvadori will lead the Nutrition company as chief executive officer.
- The remaining business will have approximately $42 billion in sales, focused on medical devices, diagnostics and established medicines.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abbott Laboratories published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.
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