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Home » Wall Street embraces GE sale of Biopharma biz to Danaher for $21.4B, puts IPO in doubt
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Wall Street embraces GE sale of Biopharma biz to Danaher for $21.4B, puts IPO in doubt

Feb. 26, 2019
By Stacy Lawrence
General Electric Co.'s (GE) spinout of its Healthcare business in an IPO has been a highly anticipated med-tech industry event for 2019. But now all that is back into play. The Boston-based conglomerate has opted to sell its Biopharma business for $21.4 billion to Danaher Corp. That Biopharma unit accounted for about 15 percent, or about $3 billion, of the almost $20 billion in 2018 Healthcare revenues.
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