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The spin-off of GE Healthcare was completed on 4 January 2023. [52] [53] In December 2021, the company acquired BK Medical from Altaris Capital Partners for $1.45 billion. [54] In February 2023, GE Healthcare acquired Caption Health, an artificial intelligence medical technology manufacturer headquartered in San Mateo, California, for $150 ...
GE HealthCare brings in roughly $18 billion in annual revenue, and the company is valued at around $26 billion. In an indication of GE HealthCare’s post-spin-off size, the company immediately ...
General Electric (GE) expects to complete the spin-off of its healthcare unit in the first week of January 2023 and announces a new board in this regard.
The industrial giant's aerospace and energy businesses began trading on the New York Stock Exchange as separate entities more than a year after GE spun off its healthcare business. GE Aerospace ...
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
The first spin-off of GE HealthCare was finalized on January 4, 2023; [146] GE continues to hold 10.24% of shares and intends to sell the remaining over time. [147] This was followed by the spin-off of GE's portfolio of energy businesses, which became GE Vernova on April 2, 2024.
Before such a spinoff, GE HealthCare will likely be converted into a corporation and renamed GE HealthCare Technologies Inc. The company will likely begin trading on Nasdaq on January 4, 2023 ...
GE announces split of company into three separate concerns—GE HealthCare, GE Vernova, and GE Aerospace—with the healthcare and energy (Vernova) divisions being spun off and the company pivoting to aviation by rebranding as GE Aerospace. [36] [37] 2023 GE completes spin-off of GE HealthCare [37] 2024 GE completes spin-off of GE Vernova.