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


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

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

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

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

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

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

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 plans to list Healthineers business on Frankfurt Stock Exchange

by Thomas Dworetzky , Contributing Reporter
Siemens now plans to list its health care unit on the Frankfurt Stock Exchange's Regulated Market.

"Frankfurt is one of the world's largest trading centers for securities, and its importance will continue to increase due to Brexit. As a highly liquid trading venue, Frankfurt is attractive for investors from around the world. The public listing will give Siemens Healthineers entrepreneurial flexibility and access to the capital market. The goal is to grow sustainably and profitably while actively shaping the paradigm shift in the health care industry," chairman of the Siemens Healthineers supervisory board and the member of Siemens' managing board Michael Sen said in a statement.

Story Continues Below Advertisement

OR Tables, Treatment/GYN/Uro Chairs, Transport Stretchers, Hospital/ICU Bed

iMS combines the superior service of Oakworks Medical and advanced manufacturing technology of FAMED Medical Solutions. The goal of iMS, "Connecting Art and Medical Science" goes way beyond product with exceptional CareLink service. Contact us today!



The move, slated for the first half of 2018, was given the green light at today's supervisory board meeting.

Sen called the public listing “the next logical step and the foundation for expanding our strong position as a leading global supplier of health care technology.

A Siemens Healthineers AG will be set up for the IPO.

"Our preparations for the public listing are completely on schedule,” noted Siemens Chief Financial Officer Ralf P. Thomas, adding that both the Strategy 2025 concept and the management team are already in place.

Global coordinators for the deal will be Deutsche Bank, Goldman Sachs International and J.P. Morgan, with BNP PARIBAS, BofA Merrill Lynch, Citigroup and UBS Investment Bank also on board as syndicate banks.

Reports suggest that Siemens intends to sell about 25 percent as part of the listing – worth about $47.5 billion – which would make the IPO the largest in Germany since the 1996 Deutsche Telekom IPO of $13 billion.

It is also the biggest strategic play for CEO Joe Kaeser's efforts to reorganize the Munich-based industrial giant. Kaeser's Vision 2020 plan, begun in 2014, is aiming to narrow Siemens to a core and spin off other divisions in what he has dubbed a “fleet of ships” model, according the the Financial Times.

Frankfort beat out New York, and the United States, for the listing, which the company did not directly address. Sources did tell the Times, that some deciding factors included the more international nature of the Frankfort exchange, which is favored by Asian investors, and the appeal the move would have for German unions.

The U.S. appeared at first to be the favorite. However, uncertainty grew in recent months about the IPO's final destination.

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," Kaeser.

But there was a possible change of heart in early March, when Kaeser 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.

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