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    Home»Deals»Siemens Healthineers Said to Weigh $1 Billion Ultrasound Sale
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    Siemens Healthineers Said to Weigh $1 Billion Ultrasound Sale

    April 12, 20211 Min Read
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    Siemens Healthineers AG is considering a sale of its ultrasound business, which could be valued at about $1 billion, according to people familiar with the matter. The German provider of medical equipment is weighing its options after receiving expressions of interest in the business, the people said, asking not to be identified discussing confidential information. A sale could attract private equity and strategic bidders, the people said.

    A sale of the ultrasound unit would add to $161 billion worth of health-care transactions globally this year, according to data compiled by Bloomberg. That’s up more than 260% on the same period in 2020, when the coronavirus crisis was starting to put dealmaking across sectors on ice.

    Siemens Healthineers was involved in one of the largest medical acquisitions of 2020, when it agreed to buy Varian Medical Systems for about $16.4 billion in cash. The deal gives Siemens Healthineers a sizeable market share in the rapidly growing field of cancer treatment and helps the company chart a path toward joining Germany’s bluechip DAX Index.

     

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    Source: BNN Bloomberg

    By Manuel Baigorri, Dinesh Nair and Eyk Henning

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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