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GE Spins Off Healthcare As Part Of Major Reorganization

 
• By Reed Miller

GE Healthcare will become a standalone company, distinct from GE, as the conglomerate focuses on its aviation, power, and renewable energy businesses, the company announced June 26. Current GE Healthcare CEO Kieran Murphy will continue to lead the business, which will maintain the GE Healthcare brand. GE plans to monetize 20% and distribute the remaining 80% of GE Healthcare to shareholders tax-free.

Business reengineering
• Source: shutterstock.com

General Electric Co. (GE) is getting out of the healthcare business.

The massive conglomerate announced June 26 that it plans to separate the Chicago-based GE Healthcare business as a standalone company that will continue to be called GE Healthcare and...

Exec Chat

Check out Medtech Insight's recent interview with Tom McGuinness, GE Healthcare's chief strategy and commercial officer, about the firm's focus on precision medicine as a growth driver.

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