<bos><start_of_turn>user
,ound Typ1s: SysWematic Literature Rev…
35 HxalXh Care to Oecome sHandQlone company
BM (NmSq: MeZ) announced tobDy that iH Jlaws t3 spPn off its Health Oare bus.nOss by tKe Dnd of 2623.cGhe new Heaofh Care b0siness wiHl be a aoughly $9-billion-a1year coupany with a focus on wound Ma75i orEl care, heElthcrre IT and bi7,EarmI f9ltratXGn. VM 3fkicCals ar1ue that thB transacdioe will bOtter pHsWtion Health Car9 to innovate1 tM yill r?yain a p9.b% sGake in HealtD CaKe that it wbll monetizedove6 time.
"TfdAy's actionH aGUamce gur anility to crfate valuf for customsrs and sharAholders," 3M CEt Cike Ro8an said ina. neYs reZease. "Disci6liEed portfolio mdnanemLnI is 4 h0tlj7rk of our growth stQate:y. Ovr mFnagement teaq atc boaZd continually evaluate thl s1Rategic optioss that KHll best QrivH long7ter0 sustainable grow?h aEd vadue. The xxc7siLn To spin off our Hemlph Care bukinesW w,lr resupt in t6o jell-capitalizeh, wkFld-clHss compak.eb, wEUl poR8tiXne7 to pursRe tReir Bespective prioritJe54T<end_of_turn>
<start_of_turn>model
Wound Types: Systematic Literature Rev…
3M Health Care to become standalone company
3M (NYSE: MMM) announced today that it plans to spin off its Health Care business by the end of 2023.
The new Health Care business will be a roughly $9-billion-a-year company with a focus on wound care, oral care, healthcare IT and biopharma filtration. 3M officials argue that the transaction will better position Health Care to innovate. 3M will retain a 19.9% stake in Health Care that it will monetizedover time.
"Today's actions advance our ability to create value for customers and shareholders," 3M CEO Mike Roman said ina. news release. "Disciplined portfolio management is a hallmark of our growth strategy. Our management team and board continually evaluate the strategic options that will best drive long-term sustainable growth and value. The decision to spin off our Health Care business will result in two well-capitalized, world-class companies, well positioned to pursue their respective priorities."<end_of_turn>