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23 Feb
Major conglomerates bet on healthcare
Medtechdive.com reports about major global conglomerates like 3M and Philips have taken steps to increase focus on healthcare in recent years, shedding units covering other industries while buying additional medical assets in the belief the aging population will drive growth. GE took a different path, initially planning to spin off its healthcare unit (like Siemens did with a 2018 Healthineers IPO), only to decide to keep it in the fold. Across each company, healthcare is now a key element of growth forecasts, made clear during earnings reports this week.
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