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Bausch + Lomb IPO Will Open Tap Further For Paying Down Bausch Health Debt

 
• By Malcolm Spicer

Paying down Bausch Health’s debt, incurred during previous management’s expansion-by-acquisition strategy when the firm operated as Valeant, has been a box to check from the start of preparing to separate Bausch + Lomb, says CEO Joseph Papa.

• Source: Alamy

Bausch Health Companies Inc.’s planned spin-out of Bausch + Lomb Inc. not only turns loose a portfolio of vision care products from surgical technologies to OTC drugs and dietary supplements, but also further opens a tap for paying down its debt.

Paying down Bausch Health’s debt, largely incurred during the previous management’s ill-advised expansion-by-acquisition strategy when the firm operated as Valeant Pharmaceuticals International, Inc

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