---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-004275"
form_type: "8-K/A"
ticker: "BAX"
cik: "0000010456"
company_name: "BAXTER INTERNATIONAL INC"
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:21:08.815835+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Baxter completes Vantive sale to Carlyle for $3.8B; net proceeds ~$3.4B

## Summary
- Sale closed Jan 31, 2025; Baxter received ~$3.71B cash, net after-tax proceeds ~$3.4B.
- Pro forma continuing ops net income $275M for 9 months ended Sep 30, 2024; diluted EPS $0.54.
- Pro forma balance sheet as of Sep 30, 2024: total assets $25.4B, total equity $7.6B.
- Entered into transition services and manufacturing/supply agreements with Vantive post-close.

## SEC filing metadata
- accession: 0001628280-25-004275
- form_type: 8-K/A
- ticker: BAX
- cik: 0000010456
- company_name: BAXTER INTERNATIONAL INC
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000162828025004275/0001628280-25-004275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000162828025004275/bax-20250131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-004275
- JSON: https://secwatch.observer/filing/0001628280-25-004275.json
- Plain text: https://secwatch.observer/filing/0001628280-25-004275.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.