GE takes First Step in Planned $20 billion Divestment Program with Sale of Value-Based Care Division
GE made its first move in its planned multistep divestment program with the sale of selected healthcare diagnostic and monitoring assets to Veritas Capital. Veritas will pay $1.05 billion for the Enterprise Financial Management, Ambulatory Care Management, and Workforce Management assets comprising GE Healthcare’s Value-Based Care Division. We plan no change to our fair value estimate or moat rating.To simplify the firm and strengthen its balance sheet, GE plans to sell $20 billion of assets ov...
General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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