Siemens Healthineers Legal Name

May 4, 2016 — Siemens Healthcare today introduced its new Siemens Healthineers brand. The new brand highlights Siemens Healthcare`s pioneering spirit and engineering expertise in the healthcare sector. Siemens Healthineers AG (formerly Siemens Healthcare, Siemens Medical Solutions, Siemens Medical Systems) is the parent company of several medical technology companies headquartered in Erlangen, Germany. The company goes back to a small family business in Berlin, co-founded by Werner von Siemens. Siemens Healthineers is affiliated with the Siemens AG Group. The name Siemens Medical Solutions was adopted in 2001 and changed to Siemens Healthcare in 2008. In 2015, Siemens appointed Bernd Montag as Global CEO. [2] [3] In May 2016, the business activities of Siemens Healthcare GmbH were renamed “Siemens Healthineers”. [4] [5] [6] Worldwide, Siemens Healthineers AG companies employ 45,000 people[7], mostly in Germany (compared to 46,000 at GE Healthcare and 33,000 at Philips Healthcare) and $17.2 billion in sales in 2007 ($16.997 billion for GE). On 4 May 2016, the current CEO of the healthcare sector, Bernd Montag, presented the new brand “Healthineers” to the public and celebrated a five-minute dance routine in front of the Healthineers headquarters in Erlangen.

This has provoked immense negative reactions and ridicule for the company and its employees. The Financial Times called it “a twisted horror with spandex.” [55] Several outlets have called the new logo similar to Fitbit`s, calling the rebranding a general failure. [56] [57] The name also led some people to believe it was an article from The Onion. [58] Montag later admitted that the dance routine was a mistake. [59] In Aschaffenburg, X-ray pioneer Friedrich Dessauer founded his own company, which later became known as Veifa-Werke. The companies remained closely linked and eventually merged in 1932 to form the Siemens-Reiniger-Werke (SRW). The company quickly became the largest electromedicine company in the world. [16] [12] Later, in 1933, Siemens introduced rotating anode tubes for X-rays, which could withstand much larger electrical charges, thus laying the foundation for the development of modern X-ray tubes. [17] Siemens was the first company to combine positron emission tomography (PET) with computed tomography (CT). [25] With this hybrid imaging system, Siemens combines the PET scanner`s ability to visualize the biological processes of life with an anatomical image of the tissues and organs of the CT system. The combined system provides a more detailed picture of anatomy and biological function. Time Magazine named Siemens Biograph, the world`s first commercial PET-CT scanner, “Innovation of the Year” in 2000.

[14] [26] [27] FRANKFURT, May 4 (Reuters) – German industrial conglomerate Siemens on Wednesday rebranded its healthcare business after splitting the unit into a separate legal entity that could be a precursor to an independent stock exchange listing. The new brand name “Siemens Healthineers” is intended to underline the pioneering spirit, Siemens said in a statement. The new name embodies the company`s pioneering spirit and engineering expertise in the healthcare sector. He is unique and courageous, giving a new identity to the organization and the people – the people who accompany, mentor and inspire healthcare providers around the world – the people behind exceptional products and solutions. On May 4, 2016, Siemens Healthcare introduced its new name Siemens Healthineers. The names of the legal entities remain unchanged. “We have an exceptional track record of technical and scientific excellence and are consistently at the forefront of developing innovative clinical solutions that enable providers to deliver effective, high-quality patient care. In the future, at Siemens Healthineers, we will use this know-how to offer a broader range of customized clinical solutions that holistically support our customers` businesses.

We are confident that we will become their inspiring partner on the path to our customers` success,” said Bernd Montag, CEO of Siemens Healthcare. “Our new name is a bold signal of our ambitions and expresses our identity as a human company – 45,000 employees worldwide who are passionate about empowering healthcare providers to provide optimal care to their patients.” In November 2007, Siemens announced that it would expand its laboratory diagnostics offering through the acquisition of Dade Behring, a manufacturer of clinical laboratory equipment and products for routine chemical testing, immunodiagnostics (including infectious disease testing), hemostasis testing and microbiology. [45] In 1998, Siemens launched the ADVIA LabCell automation solution, the first track-based laboratory automation system that enables greater efficiency and cost reduction. [23] Please note that this policy may change if the SEC maintains SEC.gov to ensure that the site operates efficiently and remains accessible to all users. Supported by Siemens in Erlangen, Swedish physician Inge Edler and physicist Carl Hellmuth Hertz were fascinated by the idea of using ultrasound technology to obtain more accurate cardiac diagnoses. In 1953, they were the first to use ultrasound technology for echocardiography. Today, this powerful ultrasound procedure is a standard part of all cardiovascular examinations. [14] The group wants the healthcare sector to be better able to withstand paradigm shifts in the industry, including the focus on consumer technology, and potentially fund its own acquisitions. (Reporting by Georgina Prodhan; Edited by Adrian Croft) Similarly, Siemens launched the Biograph mMR in 2010, the first scanner to fully combine MRI and PET technologies. [28] [29] Like PET-CT, hybrid PET-MRR systems combine several technologies to provide better body image and enable better diagnosis, research and treatment plans for patients. It combines accurate images of the body`s organs from MRI with the metabolic cellular activity of PET. [14] In May 2016, Siemens AG renamed the Healthcare division of Siemens Healthcare to Siemens Healthineers.

The change is part of Siemens AG`s Vision 2020 strategy, announced almost two years earlier, whereby the healthcare business will be managed separately as a company within the company with a new organizational structure. [32] [33] [34] In November 2017, the company announced its intention to be listed on the Frankfurt Stock Exchange in March 2018. A minority stake of up to 25% is expected to be sold in part of the IPO, which would be the largest listing in Germany since Deutsche Telekom`s IPO in 1996. [35] The first trading day was March 16, 2018, with a 15% stake sold at an initial price of €28.00. [36] By using this website, you consent to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts, upload or modify information, or otherwise cause damage, including attempts to deny service to users. Our standards: Thomson Reuters Trust Principles. In 2005, Siemens Medical Solutions USA, Inc. acquired CTI Molecular Imaging for $1 billion (€750 million, $20.50 per share) and integrated it into its advanced imaging business. [42] Engineering excellence, value and partnership are the key drivers for Siemens Healthineers to become the inspiring partner to healthcare providers around the world.

In April 2017, Siemens Healthineers expanded into radiological information systems with the acquisition of Medicalis Corporation. [51] The company has also contributed to disaster relief. In response to Hurricane Katrina in 2005, Siemens Healthineers donated heart monitors and imaging equipment to Houston-area hospitals, while parent company Siemens AG matched 100 percent of U.S. employee donations to the American Red Cross Disaster Relief Fund. [39] After the 2010 earthquake in Haiti, Siemens Healthineers donated medical equipment to support health workers in their efforts to help victims. [40] The company reacted similarly in 2015 when a magnitude 7.8 earthquake struck Nepal. Siemens Healthineers provided the aid measures with a magnetic resonance imaging scanner in addition to the funds donated by Siemens AG. [41] Siemens Healthineers will further strengthen its portfolio of leaders in the medical imaging and laboratory diagnostics industry, complementing it with new offerings such as management, consulting, digital services and other technologies in the growing therapeutic and molecular diagnostics market. The company launched its first CT scanner, the Siretom, in 1975, a year after it exhibited its first tomographic image of a human head at the annual meeting of the Radiological Society of North America in Chicago. [21] [14] [22] A typical exam took less than six minutes.

The skull is scanned from different directions by an X-ray tube and a detection unit and an image of the absorption distribution in the brain is generated in the computer. [14] Siemens previously reported projected results for the second quarter, which included a 5% increase in Healthcare revenue, driven by the U.S. and the diagnostic imaging business. Three years earlier, in 1844, Werner von Siemens used one of his inventions for medical purposes for the first time: he used electricity to treat his brother Friedrich for toothache.