Siemens Healthineers

DE000SHL1006

Siemens Healthineers AG (formerly Siemens Healthcare, Siemens Medical Solutions, Siemens Medical Systems) is the mother company for several medical technology companies and is headquartered in Erlangen, Germany. The company dates its early beginnings in 1847 to a small family business in Berlin, co-founded by Werner von Siemens. Siemens Healthineers is connected to the larger corporation, Siemens AG. The name Siemens Medical Solutions was adopted in 2001, and the change to Siemens Healthcare was made in 2008. In 2015, Siemens named Bernd Montag as its new global CEO. In May 2016, the business operations of Siemens Healthcare GmbH were rebranded "Siemens Healthineers." Globally the companies owned by Siemens Healthineers AG have 45,000 employees, most of them in Germany (comparing to 46,000 at GE Healthcare and 33,000 at Philips Healthcare) and 17.2 billion US-$ sales in 2007 (16.997 billion US-$ for GE).

Siemens Healthineers has been a target of short sellers for a while. The current short interest of 1.37% is roughly at the average of the last 12 months (0.81%).

History