Hints and tips:
...It would also vindicate an intricate piece of corporate empire-building that began in 2018 when Veritas, which is run by the billionaire Ramzi Musallam, acquired a unit of GE Healthcare that focused on billing...
...Citigroup healthcare investment banker Jorge Barreiro has been hired by Deutsche Bank as a managing director, says Bloomberg....
...His third, Churchill Capital III, recently struck an $11bn deal for US healthcare company MultiPlan — the largest transaction to date for a Spac....
...Mr Culp also indicated that the planned initial public offering of GE’s healthcare business would not happen this year, and might be abandoned altogether....
...to shareholders, including the upcoming Healthcare IPO),” they said....
...(FT) For GE, dropping KPMG won’t be easy Larry Culp has been busy since late last year tinkering at GE, recently agreeing to sell the industrial behemoth’s biotech business....
...The private equity fund has made a string of acquisitions over the past several years, including the purchase of a GE Healthcare unit in July for just under $1.1bn, which it intends to combine with its new...
...News round-up Activist investor pledges to push for Barclays board seat (FT+Lex) Siemens/Alstom: Railpolitik (FT) Bridgewater’s Pure Alpha defies markets with 15% gain (FT) Apollo is weighing bid for GE's...
...He has decided to spin off the healthcare division and offload GE’s 62.5 per cent stake in Baker Hughes, and has ordered 12,000 job cuts at the power equipment division that includes the old Alstom businesses...
...ABB is buying GE’s industrial solutions business, which makes electrical equipment, for $2.6bn. GE announced last month the sale of a healthcare technology business to Veritas Capital for $1.05bn....
...GE is planning a spin-off of its healthcare division, which makes medic equipment, and an “orderly separation” of its 62.5 per cent stake of its oilfield services group Baker Hughes....
...Shanghai-based Wuxi Healthcare Ventures, for example, has added shares in California-based Ideaya Biosciences to its portfolio....
...The SEC notified GE in November that it was looking at its accounting for long-term service contracts in the power industry....
...Shares in a new Vets First Corp will be distributed to Henry Schein stockholders in connection with the spin, where they will own roughly 63 per cent of the combined animal health businesses....
...At GE, Mr Dimitrief follows some of the profession’s best-known general counsel....
...The board’s choice of successor, John Flannery, chief executive of GE Healthcare, was also somewhat unexpected....
...GE said Jeff Immelt, who announced his retirement earlier this year, would also remain on the president’s manufacturing council to allow the company “to participate in the discussion on how to drive growth...
...Friday’s rally was broad-based with only industrials and healthcare on the S&P failing to notch up gains, while telecoms and materials were the day’s biggest winners, both climbing 0.9 per cent....
...Its primary business is making and servicing laser machines for use in 3D printing in the aerospace, automotive, energy and healthcare industries....
...Some are suggesting that GE, Siemens’ main rival, will be rubbing its hands in glee as customers decline to buy life-saving medical kit from a cheesy team of Healthineers....
...“The process used [by Dendreon] in early clinical trials was never really developed as the product was commercialised,” says Clive Glover, product leader for cell therapy technologies at GE Healthcare, which...
...The sale of the healthcare financing business follows GE Capital’s sale of its private equity lending unit to the Canada Pension Plan Investment Board for $12bn in June....
...Shares of Anacor Pharmaceuticals, Sarepta Therapeutics, Exelixis and Prothena Corp have all climbed more than 100 per cent. Biotechs have also seen strong demand for new issuance....
...GE — a rival of Philips since the days of Thomas Edison — is investing heavily in this area, as are younger US companies such as Google, IBM and Qualcomm....
...On the way, he ran Wellcome Biotech, Amersham and GE Healthcare before taking charge at Wellcome Trust — set up on the death of pharmaceutical entrepreneur Henry Wellcome in 1936 and now second only to the...
International Edition