
New On The Block
- Siemens Healthineers is chatting with major private equity firms about a potential sale of its diagnostics business. According to Bloomberg, Blackstone, CVC, KKR, and Montagu are interested. The segment is valued at over €6 billion ($7 billion). The company’s imaging and cancer-care-focused Varian units are not included. Siemens AG (OTC:SIEGY) remains the largest shareholder, with roughly a 71% stake. The auction comes at a time when the Munich-based company is restructuring and reducing staff.