Siemens (NYSE:SI) subsidiary Healthineers yesterday announced plans for a German initial public offering it expects to complete during the first half of 2018. Parent company Siemens said the IPO will consist of a secondary offering of shares from existing holdings of Siemens and is planned to post on the Regulated Market of the Frankfurt Stock Exchange. Siemens […]
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Siemens Healthineers taps ex-Abbott Vascular prez Nath to lead lab diag biz | Personnel Moves January 30, 2018
Siemens (NYSE:SI) Healthineers said today it tapped former Abbott (NYSE:ABT) Vascular president Dr. Deepak Nath as its new laboratory diagnostics business president, taking over for Franz Walt who operated as president from 2014 to 2017. Nath spent 10 years with Abbott, serving most recently as its vascular division president and as an executive officer of the company, and […]
Siemens Healthineers inks long-term collaborative deal with Florida Hospital
Siemens (NYSE:SI) Healthineers today announced a multi-phase agreement with Florida Hospital to develop outcomes-based collaborative projects. During the first phase of the collaborative deal, the two groups will look to incorporate cardiac computed tomography angiography into Florida Hospital’s clinical protocol. “Siemens Healthineers has a longstanding creative backbone, and they’re always looking to create new solutions and […]
Siemens Healthineers to cut costs by $290m ahead of IPO
Siemens (NYSE:SI) said today that it plans to shave more that $290 million from the cost of running its Healthineers business, ahead of a pending initial public offering that could fetch nearly $50 billion. Late last year, the German industrial conglomerate said it plans to list 15% to 25% of the its largest and most profitable business on […]
Siemens Healthineers closes Fast Track Diagnostics buy
Siemens (NYSE:SI) Healthineers said today it completed its acquisition of Fast Track Diagnostics, marking the official date of the closing as December 19, 2017. With the acquisition, FTD’s sites in Luxembourg, Malta and India and its approximately 80 employee workforce will be folded into Siemens Healthineers business. FTD produces a range of CE Mark approved infectious disease […]
Siemens Healthineers launch Cardio dashboard app
Siemens (NYSE:SI) Healthineers said today it launched the Cardio dashboard application in its Siemens Healthineers cloud-based network of applications. The new application is designed to aid cardiology departments in understanding their performance and status, using actionable data to help identify starting points for planning and allocating resources to improve both patient flow and physician efficiency. The Cardio […]
Siemens plans Frankfurt listing for Healthineers business that could fetch $12B
Siemens (NYSE:SI) said this week that it’s planning to list its healthcare business on the Frankfurt Stock Exchange during the first half of 2018 in an initial public offering that could fetch nearly $12 billion. Siemens Healthineers, the German industrial conglomerate’s largest and most profitable division, is worth roughly $47.49 billion (€40 billion). The company plans […]
Siemens Healthineers, Materialise ink 3D printing deal
Siemens (NYSE:SI) Healthineers and Materialise today announced a 3D printing deal looking to place Materialise’s Mimics inPrint 3D printing software in hospitals globally. Through the deal, hospitals and radiologists will be able to acquire the Materialise Mimis inPrint software through Siemens Healthineers’ Syngo.Via open application platform, the companies said. “We believe 3D printing is going to revolutionize the medical […]
Siemens Healthineers launches Share360 clinical engineering support platform
Siemens (NYSE:SI) Healthineers said today it launched the Share360 in-house service portfolio designed to support clinical engineering departments with customizable levels of support. The newly launched Share360 portfolio is intended to support customer service strategies by letting users customize the level of collaboration with Siemens they need, as well as optimizing workforce utilization, the company said. “With the […]
Siemens Healthineers closes Epocal buy
Siemens (NYSE:SI) Healthineers said today it closed its acquisition of the Epocal point-of-care blood diagnostic business from Alere and Abbott (NYSE:ABT) for an undisclosed amount. Siemens Healthineers said it will integrate Epocal’s portfolio into its POC Ecosystem solution to offer customized testing and touted that the two lines would “integrate seamlessly.” “Health networks have varying needs for blood […]
Siemens taps banks for upcoming Healthineers IPO
Siemens (NYSE:SI) reportedly tapped a trio of banks for the upcoming initial public offering for its Healthineers business. The IPO, which could wind up being one of the largest German flotations in years, is slated to go live during the first half of 2018, Reuters reported. The industrial conglomerate named Goldman Sachs, Deutsche Bank and JP Morgan […]