3M Unveils Solventum as the Name of Its Independent Health Care Spin-Off

3M has announced Solventum as the name of the planned, independent health care company following its spin-off.
 
Solventum originates from two words: “solving” and “momentum.” “Solving” captures the company’s dedication to finding breakthrough solutions. “Momentum” symbolizes swifter, nimbler innovation. The new name represents how the independent health care company will focus on solving big health care challenges and emphasizes the tremendous impact it can make on the world.
 
The name, Solventum, captures the spirit of the independent health care company and what motivates its more than 20,000 problem-solving professionals who work tirelessly every day to shape the future of health.
 
“This is another significant milestone on the path to building two-world class companies, 3M and Solventum,” said Mike Roman, 3M chairman and chief executive officer. “We continue to prepare for the spin-off, and we’re committed to driving long-term value for shareholders.”
 
“As we build this new company, Solventum will embody our mission of enabling better, smarter, safer health care to improve lives,” said Bryan Hanson, chief executive officer, 3M 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.”
 
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.
 
3M’s Health Care Business will continue to focus on markets such as: wound care, health care IT, oral care, filtration and purification, which resulted in $8.4 billion in sales in 2022.