GE will start to spin off its health care unit this year, renewed focus on its power business

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General Electric Co. will begin breaking down its health care unit in 2023, completing a key step in the industrial giant’s slow unraveling. It will spin off its power business for the rest of the year. GE HealthCare Technologies will begin trading this week, leaving the once sprawling conglomerate with just three divisions: jet engines, natural gas-powered turbines and wind turbines. The gas and wind turbines are expected to be merged with GE’s other energy businesses into a new company called GE Vernova, to be spun off in early 2024. (interface)
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