Larry ##ulp , General Electric ’s new CEO , said GE Healthcare could preserve its “ tax - free spin status while selling up to to 49.9 % ” . GE Healthcare made $ 3.4bn in 2017 , accounting for 49 % of GE ’s sales and 10 % of its net profit . Under Culp ’s leadership , GE plans to make GE Healthcare a “ separate independent entity ” , so GE can focus on industrial and energy operations . One business analysts suggested fortune 500 company Danaher as a potential buyer of GE Healthcare ’s life insurance arm . Shares in GE remain down , with 2018 expected to be its worst year since 2008 .
Larry Culp, General Electric’s new CEO, said GE Healthcare could preserve its “tax-free spin status while selling up to to 49.9%”. GE Healthcare made $3.4bn in 2017, accounting for 15.8% of GE’s sales and 43.2% of its operating profit. Under Culp’s leadership, GE plans to make GE Healthcare a “separate independent entity”, so GE can focus on industrial and energy operations. One business figure suggested Fortune 500 company Danaher as a potential buyer of GE Healthcare’s life sciences arm. Shares in GE remain down, with 2018 expected to be its worst year since 2008.