DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Ubicación actual:
>
> This Story

starstarstarstarstar (1)
Conexión o Registro to rate this News Story
Forward Printable StoryPrint Comment

 

Business Affairs Homepage

Shanghai Pharma to acquire Cardinal Health China business for $1.2 billion Deal includes pharma and medical products distribution business

ACR chair urges congress to fund low-dose radiation research Last BEIR report on effects of low-dose exposure issued over 10 years ago

First Lady of Mozambique visits KPI Healthcare headquarters Finalizing medical equipment contract to reduce mortality in African nation

Konica Minolta signs group purchasing agreement with Premier for the Exa platform The three-year deal brings special pricing to 3,900 hospitals

Siemens Healthineers IPO: New details from CEO, Joe Kaeser Internal preparations expected to conclude by March

Mike Kaufmann Cardinal Health names new CEO

Why employers with dispersed workforces should care about physician quality Lower quality treatment yields higher systemwide expenses

Imaging departments stay afloat during hurricanes Advice from the front lines of Harvey and Irma

Stryker partners with Philips to offer new and reprocessed ECG leads for one low price May divert millions of pounds of waste from landfills per year

One in five physicians will reduce hours of operation in next 12 months: Study One in fifty will leave medicine entirely in next two years

GE to whittle down, focus more on health care

por Thomas Dworetzky , Contributing Reporter
Engineering giant GE is making significant changes, including plans to more tightly target areas – likely including health care, aviation and power – it believes will prove most profitable, CEO John Flannery revealed at an investor meeting yesterday.

He also announced that its dividend would be cut in half – a 12-cent quarterly dividend, down from 24-cents, according to Reuters.

Story Continues Below Advertisement

Servicing GE Nuclear Medicine equipment with OEM trained engineers

We offer full service contracts, PM contracts, rapid response, time and material,camera relocation. Nuclear medicine equipment service provider since 1975. Click or call now for more information 800 96 NUMED



Earnings in 2018 would most likely also be down – to $1-to-$1.07 a share.

"We understand the importance of this decision to our shareowners and we have not made it lightly,” he said. “We are focused on driving total shareholder return and believe this is the right decision to align our dividend payout to cash flow generation."

Flannery has proposed unloading as much as $20 billion worth of assets, such as units in lighting and transportation, according to the Milwaukee Business Journal.

Part of the shift includes staff cuts, he told those on the conference call. Roughly a quarter of corporate employees, about 1,500 jobs, will be eliminated. Beyond that, he and other execs would give up long-term businesses, according to Forbes.

Selling assets, Flannery stressed, would be done with “a very dispassionate eye.”

While the move is in the right direction, one analyst at Melius, Scott Davis, told Reuters, “it is not enough. They need to cut more cost ... GE is still a bloated company with duplicate costs up and down the organization.”

Flannery faces big challenges in the power and transportation divisions, where operating profits could dip 25 percent – and GE Capital, where net income could drop 80 percent.

Reports suggest that GE will pivot to a bigger move on aviation, renewable energy gear and health care. Flannery ran the health care business before taking the helm of GE. He joined in 2014, and led its turnaround, building “organic revenues” five percent, and margins by 100 basis points in 2016.

In late October, however, news reports cited unnamed sources who said that there might be a sale in store for the health care IT business.

In early October, GE weighed in with third quarter results that CEO Flannery called “horrible,” according to Reuters, calling the organization's strong parts weighed down by the weaker ones that, “drain investment and management resources without the prospect for a substantial reward.”

Back to HCB News
  Pages: 1

Business Affairs Homepage


You Must Be Logged In To Post A Comment

Anuncie
Aumente su conciencia de marca
Subastas + ventas Privadas
Consigue el mejor precio
Comprar Equipo/Piezas
Encuentra El Precio Más Bajo
Noticias diarias
Lee las últimas noticias
Directorio
Examina todos los usuarios DOTmed
Ética en DOTmed
Ver nuestro programa de ética
El oro parte programa del vendedor
Recibir las solicitudes de PH
Programa de distribuidor con servicio gold
Recibe solicitudes
Proveedores de atención de salud
Ver todos los HCP (abreviatura de asistencia médica) Herramientas
Trabajos/Entrenamiento
Encontrar/rellenar un trabajo
Parts Hunter +EasyPay
Obtener presupuestos para piezas
Certificado recientemente
Ver usuarios certificados recientemente
Recientemente clasificado
Ver usuarios certificados recientemente
Central de alquiler
Alquila equipos por menos
Vende equipos/piezas
Obtén más dinero
Mantenga el foro de los técnicos
Buscar ayuda y asesoramiento
Petición sencilla de propuestas
Obtén presupuestos para equipos
Feria comercial virtual
Encuentra servicio para el equipo
El acceso y el uso de este sitio está conforme a los términos y a las condiciones de nuestro AVISO LEGAL & AVISO DE LA AISLAMIENTO
Característica de y propietario DOTmeda .com, inc. Copyright ©2001-2017 DOTmed.com, Inc.
TODOS LOS DERECHOS RESERVADOS