The clear bag of fluid hanging beside a hospital bed, and the pump that controls how fast it drips into a vein, are the kind of products Baxter makes. Its main business supplies those fluids, the tubing and pumps that deliver them, injectable drugs, intravenous nutrition and surgical products that help stop bleeding. A smaller unit sells connected-care systems for hospital teams. Much of the business rests on repeat buying: a hospital buys pumps occasionally but uses up bags and tubing patient after patient.
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