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GE exec: No intent to sell any of healthcare business

Sep. 16, 2015 7:10 PM ETGeneral Electric Company (GE) StockGEBy: Jason Aycock, SA News Editor10 Comments
  • Amid a flurry of divestments, General Electric (GE +2.5%) says it's got no intent to split off any (significant) parts of its healthcare business, despite questions about whether it fits the business any more than finance assets.
  • "Bottom line is we have been black and white that all aspects of healthcare are part of our portfolio," GE Healthcare CEO John Flannery told a Morgan Stanley investor conference.
  • That's despite speculation that some parts could be more valuable if separated. The company gets "a lot of questions" about the life sciences part of the business, but it's "a high-value beachfront property that is appreciating in value," Flannery says.
  • The business will focus on internal improvement rather than a sale or split, he said.
  • Previously: General Electric completes sale of more GE Capital assets (Sep. 16 2015)
  • Previously: GE shuffles execs, creates GE Digital unit to organize efforts (Sep. 14 2015)
  • Previously: GE selling transport finance unit to BMO Financial (Sep. 10 2015)

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