GE to spin off healthcare business, separate from oil giant Baker Hughes

Business Insider | 7/17/2009 | Reuters
Tanya9 (Posted by) Level 3
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General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes.

It will now look to focus on aviation, power, and renewable energy.

GE - Healthcare - Business - Revenue - Percent

GE's healthcare business had $19.11 billion in revenue in 2017, representing more than 15 percent of the company's annual sales.

GE's oil and gas unit reported sales of $17.23 billion in 2017.

Reuters - General - Electric - Co - Tuesday

(Reuters) - General Electric Co on Tuesday said it plans to spin off its healthcare business and separate its oil services company Baker Hughes, as it looks to streamline operations and focus on aviation, power and renewable energy units.

The news https://www.ge.com/investor-relations/sites/default/files/ge_webcast_press_release_06262018.pdf comes a day after GE agreed to sell its distributed power unit for $3.25 billion to U.S....
(Excerpt) Read more at: Business Insider
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