GE snaps up sizeable chunk of global leader
The world’s biggest supplier of lab equipment is selling assets worth more than USD 1 billion to GE Healthcare. The deal is all part of a puzzle aimed at convincing competition authorities to bless another, much bigger deal.
by Stefan Singh Kailay
A huge wad of cash is now changing hands between two major US healthcare companies, as GE Healthcare announced yesterday that the company has acquired a number of “strategic assets” from the world’s largest supplier of lab equipment, Thermo Fisher Scientific, for USD 1.06 billion.
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