Siemens plans public listing of $15B healthcare branch

Germany-based engineering company Siemens plans a public offering of its $15 billion healthcare arm, boosting company shares to a 16-year high and upping trading 4.2 percent Thursday, reports Reuters.

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Siemens’ healthcare branch is its most profitable business. However, it requires increased investments as the healthcare industry moves from solely selling equipment to a more general health management approach, according to the report.  

The company has not revealed how much of its healthcare business it will float.     

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