Investing
Siemens Healthineers reviews options for diagnostics unit – source
© Reuters. FILE PHOTO: A staffer works on a magnetic resonance imaging machine at a production line of Siemens Healthineers in Shenzhen, China May 25, 2018. REUTERS/Bobby Yip/File Photo
MUNICH/FRANKFURT (Reuters) – German medical equipment maker Siemens Healthineers is in the early stages of weighing options for its diagnostics business, which has little overlap with other units, a person familiar with the situation told Reuters.
Shares rose by almost 4% to a three-month high of 49.12 euros in early trade on Friday.
The review could lead to a sale of the unit but all options remain open, the source said. Deliberations are at an early stage and no banks have yet been mandated, they added.
Bloomberg first reported that the company was reviewing a sale or carve-out of its in-vitro diagnostics operations and that it could be valued at as much as $8 billion, attracting interest from private equity firms.
A spokesperson for the company declined to comment.
Falling test demand hit the company’s diagnostics segment in the third quarter, with revenue down 20%. The diagnostics business is also in the middle of restructuring.
The listed Siemens subsidiary ranks number two worldwide behind Swiss Roche in the business of laboratory lines for blood tests.
Read the full article here
-
Passive Income7 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles7 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles6 days ago
How to Be Unapologetically You and Why It Matters
-
Side Hustles7 days ago
OpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Side Hustles6 days ago
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Investing7 days ago
7 Marketing Strategies to Help Your Startup Grow and Scale
-
Investing5 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles5 days ago
Mark Zuckerberg Is Now Second Richest Person in the World