EMBC - 3 Healthcare Spinoffs Worth a Look But 1 Has the Best Long-Term Potential
2023-03-26 08:45:00 ET
Healthcare spinoffs aren't normally seen as companies with strong growth potential. More likely than not, spinoffs stem from a division of a company that, while possibly profitable, is seeing slower growth.
Embecta (NASDAQ: EMBC.V) , Viatris (NASDAQ: VTRS) and GE Healthcare Technologies (NASDAQ: GEHC) are three of the bigger healthcare spinoffs in recent years. The key for all three will be using their strong cash flow to create revenue growth.
Embecta is a leading provider of diabetes injection devices, such as pen needles, syringes, and safety devices, in addition to digital applications to help diabetics manage their condition. It was spun off from Becton, Dickinson (NYSE: BDX) last April.
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3 Healthcare Spinoffs Worth a Look, But 1 Has the Best Long-Term Potential