Over three years after initially unveiling plans to spin off GE HealthCare as a standalone company, parent company General Electric Co. announced this week a new timeline for the separation. GE HealthCare will now become its own company within the first week of January 2023, pending final approval from the GE board of directors.
“As we seek to lead the new era of precise, connected, and compassionate care, GE HealthCare will begin its life as an independent company with a best-in-class board and team,” said Peter Arduini, CEO of GE HealthCare. “The group we are assembling brings a strong understanding of the safety, quality, innovation, and trust that our customers expect from GE, as well as fresh thinking for our journey forward. We’re excited to launch GE HealthCare in January as a standalone company leading precision health innovation.”
A GE HealthCare spokesperson declined to comment on how the spinoff will affect local GE facilities, including those in Waukesha, Milwaukee and Madison, but did say Wisconsin is an “important hub” for the company.