11 Nov 2016
Siemens AG is planning to spin off Siemens Healthineers as a publicly
traded, standalone business. Joe Kaeser, Siemens’ president and CEO,
says this move will give “Healthineers even more focus and flexibility
in pursuing its growth strategy.”
In May 2014, Siemens announced its intention to set up its healthcare
business as a “company within the company” so that the business could
adjust to transformations in the healthcare market in a flexible and
focused manner with its own market presence. This move is now
practically complete. “The public listing is now the next step in further strengthening
Siemens Healthineers in Siemens for the future,” Kaeser says. “We’re
implementing this from an already leading position. Siemens Healthineers
has already increased its market share and has an outstanding portfolio
of top technologies that we’re further developing.”
Since May of this year, Siemens’ healthcare business has operated
under the uniform brand name Siemens Healthineers. The company will
announce more details regarding the planned date and scope of the
placement when plans for the public listing have been concretized. The
listing will also depend, among other things, on the stock market
environment. “Greater entrepreneurial freedom and agility will allow us to help
shape the development of the global healthcare market and the growth
strategies of successful healthcare providers,” says Bernd Montag, CEO
of Siemens Healthineers. “We’ll enable our customers to participate
successfully in the trends toward consolidation, industrialization and
holistic health management with a high degree of clinical relevance,
efficient workflows, and financial value added.”
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