GE will form a tax-free spin-off of GE Healthcare


What you should know:

Today, TO GIVE announced plans to form a tax-free spin-off of GE Healthcare, creating a pure gaming company at the center of precision health in early 2023.

The announcement is part of GE’s plans to form three industry-leading, global and investment-grade independent public companies focused on the aviation, healthcare and energy growth sectors.

GE is on track to reduce debt by more than $ 75 billion by the end of 2021 and is now on track to bring its net debt ratio to EBITDA * to less than 2.5 times by 2023. GE will also continue to drive operational improvements for sustainable profitable growth, and the company now expects to reach high single-digit * free cash flow margins by 2023. As a result, GE is in a strong position to execute this plan to form three well-capitalized and of investment grade. .

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