http://fortune.com/2018/12/19/ge-healthcare-ipo/
A public listing of GE’s health care unit would follow a similar move by Germany’s Siemens, which sold shares in its Healthineers business in March. The shares are up 32% since the IPO, valuing Siemens Healthineers AG at about 37 billion euros ($42 billion).
A newly public GE health care company would rank among the world’s largest, Bloomberg Intelligence analyst Karen Ubelhart said in June. Based on the valuation of peer companies, the new entity could have an enterprise value, which includes debt, of $65 billion to $70 billion, Ubelhart said.
With a spin, GE will retreat from one of its largest and most profitable markets. GE Healthcare, which earned $3.5 billion last year on sales of $19 billion, specializes in equipment such as MRI scanners and mobile diagnostic machines. The company also has a fast-growing life-sciences division, which accounts for about a quarter of GE Healthcare’s sales.
Submitted December 19, 2018 at 09:06AM by COMPUTER1313 https://ift.tt/2BvaOz2
