Director, Corporate Development

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Director, Corporate Development (Solventum)

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers’ toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

As a Director, Corporate Development, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Specifically, you will be responsible for identifying and executing strategic inorganic growth opportunities, including M&A and strategic partnership activities as well as potential divestitures while building internal and external relationships and ensuring alignment between corporate development initiatives and Solventum’s overall strategy.  Responsibilities will include the following:

• Prioritize, plan, design and execute portfolio transformation to accelerate growth through acquisitions, partnerships and divestitures

• Source, evaluate, and execute M&A transactions as well as strategic partnerships, including identifying targets, conducting due diligence, and negotiating deal terms

• Build and maintain relationships with potential targets and key stakeholders (investment banks, venture and PE firms, etc,)

• Collaborate with business units to construct analysis for inorganic deals, including development of business cases to support investment decisions and other documentation to support investment decisions

• Analyze financial statements, projections, and key performance indicators to inform decision making

• Prepare and manage legal and transaction documents, such as NDAs, letters of intent, and purchase agreements in collaboration with Legal teams

• Lead cross-functional teams through comprehensive due diligence process and support post-acquisition integration planning in partnership with integration management office

• Ensure compliance with internal procedures throughout the deal process

• Track and report on the progress of corporate development projects

• Identify and evaluate new growth opportunities, including market expansion in core and adjacency areas in partnership with businesses

• Monitor market trends, competitive activities and emerging technologies to identify industry risks/opportunities, define competitive advantage and inform strategic decisions

• Be a thought-partner with businesses to define and resource business-specific growth strategy

Your Skills and Expertise

To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor’s Degree or higher from (completed and verified prior to start) from an accredited institution and Ten (10) years of experience in business development.

• 10 years of experience in the healthcare sector, preferably MedTech experience especially in the dental or health information systems (HIS) fields

• Experience presenting to Senior Management

• Experience with deal structuring, valuations, modeling, robust diligence planning and contract negotiations

• Experience preparing businesses for divestiture

• Demonstrated ability to lead large cross-functional team

Additional qualifications that could help you succeed even further in this role include:

• Track record of closing transactions, especially in MedTech

• Experience with market landscaping and sourcing targets, including relationship management of targets

• Excellent communication, negotiation and project management capabilities

• Strong analytical and financial modeling skills

• Experience with CRM tools to maintain robust target pipeline

• Ability to manage multiple projects simultaneously

• Ability to tap into a network of MedTech executives, bankers, VC funds and other MedTech leaders to source deals

Work location:

· Remote - USA

Travel: May include up to 30% domestic/international

Relocation Assistance: Not authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being

Solventum offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.

Applicable to US Applicants Only:The expected compensation range for this position is $222,044 - $271,387, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate’s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process.  Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Please note, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.Solventum is an equal opportunity employer.  Solventum  will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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