According to a Bloomberg report on April 12, Siemens Healthineers AG is considering selling its ultrasound business, valued at approximately US$1 billion, and many parties are already negotiating this transaction. According to people familiar with the matter, the sale may attract private equity and strategic bidders, but the transaction is still uncertain and the valuation may change. A representative of Siemens Healthcare declined to comment on potential sales of the ultrasound business.

According to data compiled by Bloomberg, ultrasound sales will reach $16.1 billion in global medical product transactions this year, an increase of more than 260% over the same period in 2020. As a member of Siemens Medical, the ultrasound market share has been tepid, with only a small proportion in the entire medical sector. The industry is generally pessimistic about the company's prospects. Siemens Medical’s annual report shows that the market for these products declined slightly last year because the demand for new coronary pneumonia diagnosis and monitoring systems was insufficient to cope with the decline in routine and selective procedures caused by the pandemic.

In the 2020 semi-annual financial report released by Siemens Medical, the revenue of the imaging part was 4.53 billion euros, accounting for 62% of the total revenue, and the most impressive performance; The diagnostic revenue was US$2.312 billion, the EBIT margin was 15.4%, a year-on-year decrease of 170 basis points, and the adjusted EBIT in the fourth quarter was 16.1%, a decrease of 280 basis points.

Siemens Healthcare participated in one of the largest medical acquisitions in 2020, when it agreed to acquire Varian Medical Systems for approximately $16.4 billion in cash. This transaction allows Siemens Healthcare to occupy a considerable market share in the rapidly growing field of cancer treatment. Does this mean a change in Siemens Healthcare's strategy?

"The central goal of Siemens Healthcare's strategy 2025 is to ensure our market leadership after 2025," the representative said in an email.

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