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Siemens Planning IPO for Healthineers

Siemens intends to further develop its healthcare business, Siemens Healthineers, and give it even greater flexibility in implementing its growth plans. To this end, the company is planning to publicly list its healthcare business.

The division, which received its Healthineers name in 2Q16, has operated as a healthcare business within its parent company since 2014, allowing Healthineers to serve its focus market with its own market presence, targeting customers' challenges of industrialization, consolidation and health management.

Healthineers offers medical devices, diagnostic equipment and telehealth solutions, including a portfolio of bone metabolism immunoassays, C-arms and 3D image-guided systems to support orthopaedic, spine and trauma surgical procedures.

The company will announce more details regarding the date and scope of the placement when plans for the public listing have been more firmly established. The listing will also depend, among other things, on the stock market environment.

Source: Siemens AG