General Electric finalises separation of GE HealthCare

Multinational conglomerate General Electric (GE) recently announced that it has completed the separation of its healthcare business, launching GE HealthCare Technologies Inc., according to a press release.

The successful spin-off of GE HealthCare marks a pivotal moment in GE's transformation into three independent companies focused on critical, growing sectors, reads the press release.

Holders of GE common stock in the United States received one share of GE HealthCare common stock for every three shares of GE common stock held. The distribution was part of a tax-free spin-off, resulting in tax efficiency for GE shareholders in the US.

GE is retaining approximately 19.9% of the shares of GE HealthCare common stock.