Healthcare Magazine February 2018 | Page 50

“ On its own , Siemens Healthineers pulls in $ 14.1bn in revenue … for a company that makes , as a conglomerate , $ 88.35bn in sales revenue ”

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SIEMENS HEALTHINEERS

REVENUES : $ 14.1bn WEBSITE : www . healthcare . siemens . com Siemens Healthineers is a separately managed branch of multinational conglomerate Siemens . With headquarters in Germany , the conglomerate orients its business around a few key areas areas : power distribution , generation , and transmission , while Siemens Healthineers centers around products and services for diagnostic and therapeutic imaging . On its own , Siemens Healthineers pulls in $ 14.1bn in revenue , according to ProClinical , for a company that makes , as a conglomerate , $ 88.35bn in sales revenue , according to Forbes . Siemens Healthineers was previously called Siemens Healthcare ; its name was changed in 2016 after the restructuring that led to its corporate independence . It ranks fifth on Fierce BioTech ’ s “ Top Companies in Medtech by 2016 Revenue ”. 06

“ On its own , Siemens Healthineers pulls in $ 14.1bn in revenue … for a company that makes , as a conglomerate , $ 88.35bn in sales revenue ”
50 February 2018