Wednesday, September 10, 2014

Kimberly-Clark Set To Spin-Off Medical Biz With Device, Infection-Prevention Focus

Kimberly-Clark Set To Spin-Off Medical Biz With Device, Infection-Prevention Focus-thegraysheet: Kimberly-Clark Corp. is set to spin off its health care business by Nov. 1 as Halyard Health, a stand-alone, publicly traded company making infection prevention products for hospitals, as well as devices for pain and hospital respiratory and feeding technologies. Executives hope the move will allow the health care unit to pursue a strategy more focused on growing a medical device business, and, in particular, to better capitalize on hospitals’ and insurers’ increasing focus on preventing patient infections.