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3M Announces Name of Upcoming Health Care Spin Off

3M recently announced that its spin-off of the company’s health care business will be known as Solventum.

According to a press release, Solventum originates from two words: “solving” and “momentum.” “Solving” captures the company’s dedication to finding breakthrough solutions while “momentum” symbolizes swifter, nimbler innovation.

“This is another significant milestone on the path to building two-world class companies, 3M and Solventum,” said Mike Roman, 3M chairman and CEO. “We continue to prepare for the spin-off, and we’re committed to driving long-term value for shareholders.”

The new name and branding will go into effect when the spin-off of the independent health care company occurs, which is expected in the first half of 2024, subject to final approval by 3M’s board of directors and other required conditions. Until the spin-off, the health care business continues to be part of 3M and governed by the policies and procedures of 3M.

“As we build this new company, Solventum will embody our mission of enabling better, smarter, safer health care to improve lives,” said Bryan Hanson, CEO of 3M’s health care business group. “The name signifies who we are as a team—problem solvers who create innovative solutions that touch millions of lives, transform the patient experience and save time for health care professionals.”

About 3M
With global sales of US$34.2 billion, 3M is a leading producer of thousands of products ranging from chemicals, filtration systems, and safety and protection equipment to office, graphics, and health care equipment. For more information, visit www.3m.com.