Notes to Myself...Danaher Spinoff
DANAHER ANNOUNCES NEW DENTAL COMPANY TO BE NAMED
ENVISTA HOLDINGS CORPORATION
WASHINGTON, June
27, 2019 /PRNewswire/
-- Danaher Corporation (NYSE: DHR) ("Danaher") today announced
that Envista Holdings Corporation
("Envista" or the "Company") will be the name of the
separate company Danaher intends to create and take public via an initial
public offering in the second half of 2019.
Envista will be comprised of three operating companies within Danaher's Dental
segment: Nobel Biocare Systems, KaVo Kerr, and Ormco. These businesses have significant positions in dental implants, orthodontics, dental
equipment and consumables, and include brands such as Nobel Biocare, KaVo, Kerr,
i-CAT, Dexis, Metrex, Pelton & Crane, Ormco, Implant Direct, and Orascoptic. Envista will be led by Amir Aghdaei, who
will become President and Chief Executive Officer. Mr. Aghdaei currently
serves as Danaher Group Executive with responsibility for the Dental segment.
Mr. Aghdaei stated, "Envista's name is a combination of
two Latin root words: 'en', a prefix meaning to be within, and 'vista', meaning
a view. Our logo of concentric circles represents our ability to
collaboratively achieve endless possibilities ahead. The Envista brand reflects
the forward-looking energy that embodies our company culture."
Aghdaei continued, "Envista's culture will be built on
four core values: 'Better Choices, Better Outcomes,' 'Relationships Built on
Trust,' 'Innovation in Action,' and 'Continuous Improvement as a Competitive
Advantage.' Our Danaher heritage helped
us shape these values and serves as a strong foundation for our business. The Envista Business System, which will be
based on the Danaher Business System, will be our common operating model."
Envista intends to apply to list its common stock on the New
York Stock Exchange. The stock symbol
will be NVST.
Envista will employ 12,000 people worldwide. The
company's website is www.envistaco.com.
About Danaher
Danaher is a global science and technology innovator
committed to helping its customers solve complex challenges and improving
quality of life around the world. Its family of world class brands has
leadership positions in the demanding and attractive health care, environmental
and applied end-markets. With more than 20 operating companies, Danaher's
globally diverse team of approximately 71,000 associates is united by a common
culture and operating system, the Danaher Business System, and our Shared
Purpose, Helping Realize Life's Potential. For more information,
please visit www.danaher.com.
The dental business to be spun-off produces
products used to diagnose, treat, and prevent disease and ailments of the
teeth, gums, and supporting bones...This could be an opportunity...spinoffs of Danaher have
historically performed very well...below is a link from a website that
specializes in spinoff opportunities...it provides more gory details of
the spun-off division. The huge baby boomer generation will need to have their
teeth fixed (me too)...
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