Kimberly-Clark preps for health care business spinoff

|About: Kimberly-Clark Corporation (KMB)|By:, SA News Editor

A new SEC filing from Kimberly-Clark (KMB -0.2%) confirms the planned spinoff of its healthcare business.

The new publicly traded company will be called Halyard Health.

A breakdown of revenue at Kimbery-Clark indicates Halyard Health accounted for about $1.7B in revenue last year.

The distribution of shares is expected to be enacted in Q3 or early in Q4.