News | Business | November 11, 2016

Siemens Announces Plan to Publicly List Healthcare Business

Company says public listing will allow greater flexibility in implementing future growth plans

Siemens, Healthineers, public listing, healthcare business

November 11, 2016 — Siemens announced it intends to further develop its healthcare business, Siemens Healthineers, and give it even greater flexibility in implementing its growth plans. To this end, the company is planning to publicly list its healthcare business.

"Healthcare technology is a highly attractive business in which we want to further expand our leading position. With this step, we continue to implement Vision 2020 launched in May 2014. The public listing will give Healthineers even more focus and flexibility in pursuing its growth strategy," said Joe Kaeser, president and CEO of Siemens AG.

In May 2014, Siemens announced its intention to set up its healthcare business as a "company within the company" so that the business could adjust to transformations in the healthcare market in a flexible and focused manner with its own market presence. This move is now practically complete.

Since May of this year, Siemens' healthcare business has operated under the uniform brand name Siemens Healthineers. The company will announce more precise details regarding the planned date and scope of the placement when plans for the public listing have been concretized. The listing will also depend, among other things, on the stock market environment.

For more information: www.healthcare.siemens.com

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