Baxter beats sales estimates on strong demand for medical devices
Yahoo! Finance
An ongoing recovery in demand for non-urgent surgical procedures and easing staffing shortages has helped drive a surge in hospital admissions, boosting demand for medical devices. Baxter, which manufactures dialysis products and infusion pumps, reported a 2.7% rise in quarterly revenue of $3.85 billion, including discontinued operations. Baxter in May said that a private equity group, which includes Warburg Pincus and Advent International, had agreed to buy its biopharma solutions unit for $4...
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