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Siemens (SI) Eyes IPO of Its Healthcare Biz



11/10/2016 7:38:20 AM

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Germany's Siemens (SIEGn.DE) said it planned a public listing of its $15 billion healthcare business, lifting its shares to a 16-year high as investors hoped for an injection of capital that would lift its valuation while funding future investments.

Healthcare is the most profitable business of the trains-to-turbines group but will need large investments in coming years as the industry shifts from the simple selling of equipment to managing health more broadly.

Although Siemens gave no details on when or how much of the business it planned to float, the announcement was enough to outweigh a cautious outlook for the coming year.

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