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.

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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