We’ve known for some time that 3M(MMM) would be spinning off its healthcare business next year in the first half of 2024. Now we know its name: Solventum. Solventum, of course, in honor of 3M’s legendary founder James E. Solventum III. No, of course not, Solventum because a branding agency was paid way too much money to mash together two words that don’t go together. Or, in 3M’s words:
Solventum originates from two words: “solving” and “momentum.” “Solving” captures the company’s dedication to finding breakthrough solutions. The organization will listen closely to health care professionals and never stop solving for them — and the many lives they enhance globally. “Momentum” symbolizes swifter, nimbler innovation. As the independent health care company builds on every achievement, large and small, its momentum propels it past barriers, towards breakthroughs. 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. The new logo takes inspiration from the future company’s drive to never stop solving and transforms the “S” from the name into an expressive symbol of limitlessness. It conveys the responsive, imaginative and caring approach the company will take in solving for patients and health care professionals.
Ah, yes. Solving momentum. It’s about time someone solved momentum. And the logo- don’t be lulled into thinking it is merely a stylized ‘S’. No! It’s “an expressive symbol of limitlessness.” Stare at it and feel how it conveys the company’s “responsive, imaginative and caring approach.”
The spinoff is expected to be completed in the first half of 2024. Solventum had $8.4 billion in sales in 2022 and is poised to be a significant player in its space. More information can be found at the company’s site: https://www.3m.com/3M/en_US/health-care-us/.
Disclosure: Author holds no position in any stock mentioned