Report: Bausch & Lomb to spin off eye care business

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The Wall Street Journal is reporting that Rochester-based Bausch & Lomb is going to spin off its eye care business from its pharmaceutical operations.

The Journal reports it could happen as soon as today.

Bausch Health Cos.’ eye care unit (called Bausch & Lomb) is said to account for nearly half the company’s revenue.

Bausch & Lomb is one of Rochester’s oldest companies. In 2018, it announced it would work on an expansion in Rochester that would be completed in 2022. Last month, it said it would expand operations in Virginia.

This is a developing story. 13WHAM will have more through the day.

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