Siemens announced this week it is planning to list its healthcare division, Siemens Healthineers, on the Frankfurt Stock Exchange in Germany sometime in the first half of 2018. The initial public offering (IPO) is expected to take place as early as March.
The IPO is not being viewed as an indication that Siemens is stepping back from healthcare in any way—in fact, it likely means the company is looking to push forward and finalize some acquisitions.
Siemens isn’t talking quite yet about the exact specifics, but a report from Bloomberg suggests it will be “one of the biggest equity offerings ever in Germany” as the company looks to raise more than $12 billion. Sources close to the situation told Reuters that Siemens plans on selling 15 to 20 percent of the Healthineers division overall as a part of this move.
Radiology Business covered the possibility of this move back in January.
Michael has more than 16 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.