GE aims to excite investors about its health-care division, a business that was tagged to be cast off but is now key to the conglomerate’s turnaround efforts
General Electric Co. aims to excite investors about its health-care division, a business that was tagged to be cast off but is now central to the company’s turnaround efforts.
GE Healthcare, which is based in Chicago and employs more than 50,000 people, makes magnetic resonance imaging machines and other hospital equipment. At the depths of its crisis, GE set plans to spin off the unit. Now, Chief Executive Larry Culp refers to it as one of the conglomerate’s pillars.
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