General Electric Co.’s healthcare division plans to cut debt, bring down costs and pursue tuck-in acquisitions after its spinoff in early January, finance chief Helmut Zodl said Thursday at an investor event in New York. Apart from reducing debt and costs, GE Healthcare will scout for potential tuck-in acquisition targets, Chief Executive Peter Arduini said. The company is in the process of searching for second source-suppliers for thousands of parts, which should allow it to get better pricing on them, he said, adding that higher-margin products and a simplified product lineup will boost profit, according to The Wall Street Journal. Read more.
GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
