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BAXTER FILES FORM 10 DESCRIBING CAREMARK SPIN-OFF SHARES

 BAXTER FILES FORM 10 DESCRIBING CAREMARK SPIN-OFF SHARES
 DEERFIELD, Ill., Aug. 12 /PRNewswire/ -- Baxter International (NYSE: BAX) said today that it has filed with the Securities and Exchange Commission (SEC) a Form 10 and Information Statement covering the common stock to be distributed in the planned spin-off of Baxter's alternate-site health-care businesses. The company is awaiting review by the SEC of the Form 10, and by the Internal Revenue Service of a previously filed request for a tax-free ruling on the spin-off.
 On June 12, Baxter announced that its board had approved in principle the 100 percent distribution to its stockholders of stock in a new company formed to hold Baxter's alternate-site businesses, which include the infusion-therapy, physical-therapy and prescription-service divisions (but exclude the renal-therapy division). Baxter also announced that the new company, to be called Caremark International Inc., would be headed by C.A. (Lance) Piccolo, currently an executive vice president with Baxter.
 Baxter International Inc. is the leading manufacturer and marketer of health-care products, systems and services worldwide.
 -0- 8/12/92
 /CONTACT: Les Jacobson of Baxter International, 708-948-4555/
 (BAX) CO: Baxter International Inc. ST: Illinois IN: MTC SU:


LR -- NY046 -- 6225 08/12/92 13:26 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
Words:200
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