Abbott To Spin Off Nutrition Business Into Independent Public Company With $8.5B In Annual Sales; Separation Expected To Be Completed By 2027 End

Abbott announced plans to spin off its Nutrition business into an independent public company, expected to be completed by the end of 2027. The new Nutrition company will focus on the healthy nutrition market and has annual sales of approximately $8.5 billion, featuring brands like Similac and Ensure. This separation aims to enhance growth and value-creation strategies for both Abbott and the new entity, with Abbott anticipating accelerated sales growth and improved margins.