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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 ...
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.
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 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 ...
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 ...
In November 2021, General Electric announced that it would spin off its health care, aerospace, and energy businesses as GE HealthCare, GE Aerospace, and GE Vernova, respectively; [5] the same week, Johnson & Johnson announced that it would spin off its consumer health division as a separate company, Kenvue. [4]
GE was formed in 1892 after famed inventor Thomas Alva Edison merged Edison General Electric Co with a rival. In subsequent years, it has touched all parts of life - from bringing electricity to ...
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