Siemens Healthineers is exploring a sale of its ultrasound business that could fetch $1 billion, Bloomberg reported Monday citing anonymous sources.
The Germany-based imaging manufacturer has recently received buyer interest in the product line, which could attract attention from private equity or strategic bidders, the report noted. Company officials declined to comment on the story.
Siemens offers a range of ultrasound solutions, covering everything from cardiovascular care to women’s health. Sales in this segment dipped during 2020 amid a slowdown in routine and elective procedures, Siemens revealed in its most recent annual report.
If the company is able to strike a deal, it would add to a torrid pace of M&A activity in 2021. Healthcare has logged some $161 billion worth of transactions this year, up 260% compared to the same period in 2020, Bloomberg reported citing its own data sources. Siemens is also currently working to purchase cancer care technology company Varian for $16.4 billion.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.