dismiss

This Thursday, Jan 25th is our next Clean Sweep Live Auction: Click to view the full catalogue and pre-bid now

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story

starstarstarstarstar (1)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

 

 

Business Affairs Homepage

Does health care hold the key to IBM's market comeback? With stock values a mere shadow of their former glory, Big Blue seeks redemption in health IT

Canon to step up payoff of Toshiba Medical deal debt Setting aside $1.79 billion to double its repayments in 2018

Change Healthcare acquires NDSC Enables delivery of medical guidelines through EHRs to the point of care

Hit with $6.2 billion charge, GE considering major shake-ups CEO Flannery 'deeply disappointed' and weighing all options

MITA and others call for long-term solution to medical device tax First payment under tax is due by January 29

Global health and medical insurance providers market to hit $1.6 trillion by 2020 Major driving force is the growing elderly population

Radiology Partners and three universities establish radiology research center Will focus on improving best practices

Philips to relocate NA headquarters from Andover to Cambridge Relocation in Mass. brings company to innovation hub

HealthGrid partners with Iatric Systems to help MEDITECH hospital meet MU requirements

Guerbet to buy Accurate Medical Therapeutics for over €19.5 million Company has its eye on the interventional radiology market

Siemens selects three banks for Healthineers IPO

by Thomas Dworetzky , Contributing Reporter
Siemens appears to be readying itself for an IPO of its Healthineers, as three banks have been tapped to lead the organization of the public offering effort.

Sources have told Reuters that Goldman Sachs, Deutsche Bank and JP Morgan will be “global coordinator mandates.”

Story Continues Below Advertisement

CT, MRI, NM, SPECT/CT, PET & PET/CT service, refurbished systems and parts

Accelerate your ROI with our Black Diamond Certified refurbished systems. One year warranty - ISO 13485 Certified - FDA registered - Over 65k parts in inventory



Other than confirming the IPO news, neither Siemens nor the banks had any additional comment.

“An IPO of the Healthineers unit would enable Siemens to do share deals when looking at future acquisitions,” one source explained to the news agency.

The IPO could top the list as the biggest German company deal in “years,” notes the wire service. The unit piled up a 9 percent Q3 profit to $681 million.

That included a 2 percent jump in orders, and was in keeping with expectations, according to August reports.

At that time, Siemens AG President and CEO Kaeser stated that, “our global team delivered a solid quarter, with revenue up 8 percent and net income growing by 7 percent. Our digital enterprise business impressively underscored its leading position in the market. We are fully on track with Vision 2020 and for another strong year,"

The Healthineers value could exceed 40 billion euros in an IPO, according to some estimates.

The stock would most likely be a classic “low-growth, low-risk dividend play with high, guaranteed dividends,” the agency reported.

The IPO had been delayed until 2018, and sources now estimate it could take place mid-year.

Beyond the timing, which market the company would call home has also been much discussed.

Siemens had already announced in February the possibility that it would list the Healthineers in the U.S. and not Europe. “We don't have a final view on this yet, but we are looking at it very closely," said Kaeser at the time.

But there was a possible change of heart in early March, when the CEO told Swiss newspaper Finanz and Wirtschaft that “under President Donald Trump” he “will have to think twice” about where to list the health care unit, mentioning Frankfurt and Hong Kong as possibilities.

Siemens was in the health care spotlight earlier this month when news broke that the first clinical 7-Tesla MR scanner in North America – Siemens Healthineer's MAGNETOM Terra – should be up and running at Mayo Clinic by year-end.

The MAGNETOM Terra won FDA approval for the device earlier this month.

“I think patients who will benefit the most will be patients who have things that are difficult to assess on a standard MR,” Dr. Kimberly Amrami, chair of the division of musculoskeletal radiology at Mayo Clinic, told HCB News. “We’re going to be using 7-Tesla for those things that require an even higher resolution. The signal-to-noise ratio is directly correlated to the field strength. When we have more signal, we can image smaller structures and still have good images. If the signal to noise is lower and we try to get very, very fine on small structures, it’s difficult, because the images get very noisy.”

Business Affairs Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2018 DOTmed.com, Inc.
ALL RIGHTS RESERVED