Bausch Health to Spin Off Eyecare Business

The parent company of Bausch & Lomb is spinning off the business.

Bausch Health will focus on its phamaceutical business, and the eye-care business at B&L will become a separate public company called Bausch + Lomb - NewCo.

Bausch Health is the former Valeant pharmaceutical company and acquired Bausch & Lomb in 2013.

The separation is expected to be complete by early next year.

A process to name the leaders of both companies is now under way.


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