GE HealthCare Rises 8 Percent in Market Debut, Eyes Small Deals
GE HealthCare Technologies Inc.’s shares rose as much as 8.4 percent 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.
The company, which was spun off from conglomerate GE, had opened 3 percent lower in its first day of trading and closed up 8 percent at $60.49.
GE HealthCare has been a bright spot for GE recently and its new management plans to build on that momentum as an independent entity. GE will still own 19.9 percent of the unit.
“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….