Baxter Plant Closure Hits U.S. Medical Supply

Hurricane Helene has severely impacted Baxter International's largest manufacturing facility in North Cove, North Carolina, leading to significant disruptions in the supply of intravenous (IV) fluids and peritoneal dialysis solutions across the United States. This plant closure, caused by flooding and damaged access bridges, affects Baxter's ability to meet approximately 60% of the U.S. market demand for these critical medical products. Hospitals, like Mass General Brigham, are experiencing shortages, prompting them to implement conservation measures and seek alternative hydration methods for patients. Baxter is working with officials to assess and repair the damages while leveraging its global manufacturing network to mitigate supply disruptions. The company's financial outlook is expected to suffer due to the plant's shutdown, and there is uncertainty about how long the shortage will last. Despite the challenges, Baxter has committed resources to expedite plant recovery and maintain product supply, including a $1.5 million donation for disaster relief efforts.