Solventum
| Company type | Public |
|---|---|
| Industry | Healthcare |
| Founded | January 24, 2023 |
| Founder | 3M (spin-off) |
| Headquarters | Ramsey County, Minnesota , United States |
Key people | Bryan Hanson (CEO) |
| Products | Wound care, oral care, health informatics, biopharmaceutical filtration |
| Owner | 3M (approx. 19.9% stake) |
Solventum Corporation is a United States-based healthcare firm that originated as a spin-off from 3M on April 1, 2024.
Spin-off
On July 26, 2022, 3M declared its intention to separate its healthcare segment to enhance operational focus. This newly formed company assumed control of 3M's wound and oral care, health informatics, and biopharmaceutical filtration divisions, which represented roughly 25% of 3M’s revenue in 2021. CEO Mike Roman emphasized that the separation would "prepare 3M for future growth, enabling increased opportunities and stability."
According to Bloomberg News, this restructuring followed a period of diminishing earnings and was set to transform 3M’s wide-ranging product mix. The announcement coincided with the Chapter 11 bankruptcy filing by Aearo Technologies, a subsidiary of 3M, amid litigation concerning faulty military earplugs.
This strategic move reflected a broader industry pattern where large conglomerates such as General Electric, Johnson & Johnson, Kellogg's, and Toshiba have executed spin-offs to sharpen their business focus. Prior to this, in September 2022, 3M divested its food safety division to Neogen.
The healthcare entity was officially incorporated in Delaware on January 24, 2023, originally under the name "3M Health Care Co." On November 16, 2023, 3M revealed the new brand identity as Solventum, combining the concepts of "solving" and "momentum." The spin-off finalized on April 1, 2024, with 3M maintaining approximately a 19.9% stake.
On February 25, 2025, Solventum announced it had agreed to sell its Purification & Filtration segment to Thermo Fisher Scientific for $4.1 billion.
Independent operation
Bryan Hanson was named as Solventum’s inaugural CEO on September 1, 2023.