Dallas-based Kimberly Clark to Sell Healthcare Unit

Kimberly Clark, the Dallas-based paper giant, will try to sell its healthcare unit, the company announced last week. The healthcare segment—which produces surgical products and medical devices—has about $1.6 billion in annual sales. While Kimberly Clark is based in Dallas, its health unit is based in Roswell, Ga. and employs about 16,000. “While K-C Health Care has been part of our company since the 1970’s, its strategic fit and growth priorities have changed over time and we now think that pursuing a spin-off makes sense for our shareholders,” Kimberly-Clark chairman and CEO Thomas J. Falk told shareholders. “This announcement is further… Full Story

Dallas Entreprenuer Risks It All on Promising Device for Diabetics

On Monday, Scott Smith quit his day job. Smith’s Socrates Health Solutions is one of 12 startups in the first class selected last month by seed accelerator Health Wildcatters. But until this week, Smith was working nights and weekends to nurture the birth of a non-invasive self-monitoring blood glucose device, while punching in every day for a Boston-based, post-acute care software firm. At 47, Smith is a serial entrepreneur, participating in five previous startups. Two were sold, one became a public company, and two failed. For the past year, the divorced father of three has leveraged his life savings for… Full Story