Investment Thesis
Baxter International provides medical devices, pharmaceuticals, and hospital products, with focus on renal care, medication delivery, and acute therapies. Portfolio reshaping and digital solutions target improved growth and margins.
- Renal Leadership: Peritoneal dialysis and home therapies drive recurring revenue.
- Hospital Products: Smart pumps, IV solutions, and nutrition support stickiness.
- Portfolio Optimization: Spinoff of kidney care and divestitures streamline focus.