dismiss

Clean Sweep Live Auction on Wed. May 1st. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Pediatrics
SEARCH
当前地点:
>
> This Story

starstarstarstarstar (2)
注册记数器 to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

Business Affairs Homepage

Air medical transportation: How a 15-minute ride may cost $30,000, and how we can change it Reducing sky-high transport expenses

Canon's Vital Images wins DoD contract Maximum $100 million fixed‐price contract for radiology and imaging systems

Are you GDPR compliant? It's not just a question for EU-based companies Here are the top eight considerations

Security tightening at hospitals for patient safety A noticeable change is occurring at the front entrance to hospitals

Johnson & Johnson completes Auris Health deal The $3.4 billion acquisition could include additional payments up to $2.35 billion

Follow-up imaging study points to benefits of automated notification Raising the bar on manual callbacks

Change Healthcare files for IPO Could raise as much as $100 million, listing on Nasdaq

Mergers do nothing for quality of care, lower patient satisfaction, says study Based on 29 data points and the assessment of 16 processes of care

GE Healthcare IPO on hold as new deal takes spotlight Selling biopharma business to Danaher for over $21 billion

Johnson & Johnson to acquire Auris Health for $3.4 billion With possible $2.35 billion added if certain milestones are hit

More of GE healthcare unit could be on block: CEO

Thomas Dworetzky , Contributing Reporter
The GE above-expectations Q4 revenue sent the company's stock up 14 percent during the morning of Thursday January 31, along with news that included an aggressive plan to potentially sell nearly half of its healthcare unit.

CEO Larry Culp acknowledged as much in a post-earnings conference call, stating, “We expect to monetize just up to under 50 percent of our health-care business,” adding that the unit “continues to prepare for public company separation, and that is progressing very well," according to CNBC.

Story Continues Below Advertisement

New & Refurbished C-Arm Systems. Call 702.384.0085 Today!

KenQuest provides all major brands of surgical c-arms (new and refurbished) and carries a large inventory for purchase or rent. With over 20 years in the medical equipment business we can help you fulfill your equipment needs



When the healthcare unit IPO was first floated, plans called for selling 20 percent and distributing 80 percent to shareholders, according to the Business News Network.

Culp is struggling to slash massive corporate debt, and the unit spinoff is just part of a larger plan. During the conference call Culp advised that a variety of spinoffs could generate as much as $50 billion.

What makes offloading the healthcare unit attractive is that its IPO, which could happen this year, would let GE return to a tighter orientation revolving around its industrial and energy roots. Also, the unit is a major player in its space, with $3.6 billion of profits on revenues of roughly $21 billion last year.

In mid-December, 2018, GE filed paperwork for the IPO, and is working with Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., and Morgan Stanley on the listing, according to Bloomberg.

A public filing is likely in the spring, according to the new agency.

When reached for comment, GE Healthcare stressed that it was not confirming details at that time.

“As we announced in June, GE intends to separate its Healthcare business, but we have not confirmed the form or timing," a spokesperson told HCB News. "As an independent global healthcare business, GE Healthcare will have greater flexibility to pursue future growth opportunities, react quickly to changes in the industry, and invest in innovation.”

The healthcare unit accounted for about 16 percent of all company sales at that time.

“Today marks an important milestone in GE’s history,” former CEO John Flannery said at the time. “We are aggressively driving forward as an aviation, power and renewable energy company – three highly complementary businesses poised for future growth. We will continue to improve our operations and balance sheet as we make GE simpler and stronger.”

As the company has struggled to cut debt and reposition itself, Flannery lasted barely a year as CEO before being replaced by Culp, who was Danaher CEO from 2000 to 2014, and is credited with a “highly successful transformation of the company from an industrial manufacturer into a leading science and technology company,” according to GE.

GE's year-end earnings report has been greeted with relief by Wall Street, in no small part because it lacked any negative surprises and revealed that cash flow was covering obligations.

“There should be a relief that the earnings and cash flow cadence this quarter were reasonably close to expectations and certainly did not present any new surprises,” RBC Capitals analyst Deane Dray said in a note, according to CNBC.

The results were called “a step in the right direction toward recognizing the significant value we still see in GE shares,” added Andrew Kaplowitz of Citi Research.

Business Affairs Homepage


You Must Be Logged In To Post A Comment

做广告
提升您的品牌知名度
拍卖+私人销售
获得最好的价格
买设备/配件
找到最低价格
每日新闻
阅读最新信息
目录
浏览所有的DOTmed用户
DOTmed上的伦理
查看我们的伦理计划
金子分开供营商节目
接收PH要求
金子服务经销商节目
接收请求
提供保健服务者
查看所有的HCP(简称医疗保健提供商)的工具
工作/训练
查找/申请工作
Parts Hunter +EasyPay
获取配件报价
最近证明
查看最近通过认证的用户
最近额定
查看最近通过认证的用户
出租中央
租用设备优惠
卖设备/配件
得到最划算
服务技术员论坛
查找帮助和建议
简单的征求建议书
获取设备报价
真正商业展览
查找对设备的服务
对这个站点的通入和用途是受期限和条件我们支配 法律公告 & 保密性通知
物产和业主对 DOTmed.com,公司 Copyright ©2001-2019 DOTmed.com, Inc.
版权所有