GE HealthCare begins trading as spin-off heralds shift to corporate streamlining
Kabuhayan Nagsisimula ang GE HealthCare sa pangangalakal habang ang spin-off heralds ay lumipat sa corporate streamlining 01 04 2023 Balita ng Ethereum ng Bitcoin A longstanding medical tech maker is now set to make its own moves. GE HealthCare made its market debut on Wednesday under the ticker symbol GEHC, finalizing a spin-off from General Electric (GE), which is shifting its focus exclusively to aviation. “It‘s enabled us to kind of simplify how we run the company,” Peter Arduini, CEO and president of GE HealthCare, said in an interview with Yahoo Finance (video above). “And ultimately, it’s about capital allocation over the long run.” GE HealthCare stock rose more than 5% in the afternoon session to trade around $59 per share. Industrial conglomerates iikot-off negosyo GE HealthCare is just the latest company to spin off in hopes of capitalizing on a growing market in the medical technology arena. In September, Johnson & Johnson (JNJ) announced it would cleave consumer products like Band-Aid and Tylenol into a separate company called Kenvue. Even companies already laser-focused on the medical tech industry have not been immune: In October, Medtronic (MDT) announced it would spin off its patient monitoring and respiratory interventions businesses. And if 2021 was defined by the record number of IPOs seen