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GE HealthCare rises 8% in market debut, eyes small deals

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GE HealthCare Technologies Inc's shares rose as much as 8.4% in their Nasdaq debut on Wednesday and its chief executive said the company was looking to do small acquisitions to boost its cardiology and oncology operations in the long term.

, had opened 3% lower in its first day of trading and closed up 8% at $60.49.

"I think I'd be disappointed if we didn't do some deals this year," GE HealthCare boss Peter Arduini told Reuters in an interview.to simplify its business, pare down debt and breathe life into battered shares. GE HealthCare will have four medical device businesses under its wings - imaging and ultrasound devices, patient care solutions and pharmaceutical diagnostics - with imaging being the largest.

 

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GE HealthCare shares rise in market debutShares of GE HealthCare Technologies Inc reversed course to trade up 4.4% in their market debut on Wednesday, after the medical equipment maker completed its separation from industrial conglomerate General Electric Co .
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