: General Electric to file registration statement for health unit spin-off
General Electric Co. GE on Tuesday said it is filing a registration statement for the planned spin-off of its healthcare unit, part of the industrial giant’s effort to split into three separate public companies. Larry Culp, in a statement, said the move would give the segment, GE HealthCare, “greater focus and flexibility to serve its customers and invest in growth, and this filing is an important step on that journey.” GE said the spin-off is still on track for early 2023. The new, standalone segment will offer products such as X-ray and other imaging technology, ultrasound devices, diagnostic tools and other products for patient monitoring. GE HealthCare overall has been a positive for the company so far this year, growing sales by 1% for the first half of the period while sales for its renewable-energy and power segments fall. Sales for the first half of the year in GE’s aerospace segment jumped 19%. Shares rose 0.2% after hours.
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