Carlyle Eyes $4B Acquisition Of Baxter's Kidney-Care Unit Vantive: Report
Portfolio Pulse from Vandana Singh
Carlyle Group (NYSE:CG) is in exclusive talks to acquire Baxter International Inc.'s (NYSE:BAX) kidney-care spinoff, Vantive, for over $4 billion. The deal, which began negotiations in late June, could be announced soon. This move aligns with Baxter's strategy to streamline operations and Carlyle's aim to expand its healthcare portfolio.
July 08, 2024 | 11:43 am
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Baxter International is in exclusive talks to sell its kidney-care unit, Vantive, to Carlyle Group for over $4 billion. This move is part of Baxter's strategy to streamline operations and focus on core business areas.
The sale of Vantive aligns with Baxter's strategic move to streamline operations and focus on core areas. This could positively impact Baxter's stock in the short term as it refocuses its business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Carlyle Group is in exclusive talks to acquire Baxter's kidney-care unit, Vantive, for over $4 billion. This acquisition aligns with Carlyle's strategy to expand its healthcare portfolio.
The acquisition of Vantive would mark a significant transaction for Carlyle, aligning with its strategic adjustments and expansion in the healthcare sector. This could positively impact Carlyle's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100