3M 2006 Annual Report Download - page 21

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Health Care Business
(Millions) 2006 2005
Net sales $4,011 $3,760
Operating income $1,845* $1,114
Reinvesting in our core businesses,
pursuing strategic synergies
Who we are We’re a leading provider of
medical, dental and orthodontic products,
and drug delivery and health information
systems. Drawing on 3M’s rich technology
base, we help improve the quality of care
provided by health care professionals
throughout the world.
Driving growth With the sale of our branded
pharmaceuticals business, we’re reinvesting
in our core businesses and registering strong
growth. We’re growing through a strong fl ow
of new products, expanded sales coverage
and marketing activities, and manufacturing
additions in emerging international markets.
We’re also augmenting our technologies,
products and businesses through synergistic
acquisitions. For example, in the dental
market – where we have a long history of
innovation – our acquisition of Brontes
Technologies Inc. adds leading-edge digital
dentistry technology and a major new plat form
for growth. With this proprietary digital imag-
ing capability, dentists will be able to capture
3-D models of teeth directly from a patient’s
mouth, enabling the digital impression
information to be used to design and produce
crowns, bridges and orthodontic appliances.
In our medical business, 3M™ Petrifi lm™
Plates are widely used by food processors
to help provide healthy and safe food. Our
recent acquisitions of Biotrace International
PLC and Acolyte Biomedica Ltd. signifi cantly
broaden our offerings in medical diagnostics,
a large and fast-growing market.
And in health information systems – where
we’re a leading provider of advanced soft-
ware tools and services that help health
care organizations improve the quality of
patient care, comply with regulations and
shorten their revenue cycle – our acquisition
of SoftMed Systems Inc. adds solutions
that enable hospitals to create an electronic
medical record using templates, voice
dictation, speech recognition, electronic
signature and other important capabilities.
We now offer the most complete suite of
products for health information management
in the industry.
3M™Scotchcast™ Wet or Dry Padding
3M™ Steri-Strip™ S Surgical Skin Closure
3M™ Coban™ 2 Layer Compression System
* Includes $673 million of net gains primarily related to the
gain on the sale of a portion of the pharmaceuticals business,
partially offset by restructuring and other items
SoftMed Electronic Medical
Records Management
Working Our Magic 19
Clean-Trace® ATP Surface
Hygiene Test Equipment