Bausch Health to spin off Bausch + Lomb brand, other eye products

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Bausch Health plans to spin off its eye care businesses to better focus on its other flagship products.

The company will spin off the Bausch + Lomb Brand into a fully integrated, pure play eye-health company, and incorporate its other eye health product offerings into the new company.

Bausch Health will then focus on its gastroenterology, aesthetics/dermatology, neurology and pharmaceuticals businesses.

Company leadership said it wanted to spin the company off to "better enable stakeholders to value each business independently."

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