GE HealthCare shares rise in market debut

📆 04.01.2023 22:45:00
📰 Reuters

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Shares 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 .

to simplify its business, pare down debt and breathe life into battered shares.

But the healthcare unit, in which GE will hold a 19.9% stake after the spin-off, has been a bright spot in recent quarters, as strong demand for its medical equipment and services allowed it to raise prices.

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