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GE to exit healthcare business

  • General Electric said it will sell off its $19.1 billion healthcare unit as part of a new plan to refocus the company
  • lost its spot on the Dow Jones industrial average
  • refocus on power, aviation and renewable energy
  • In 2017, GE’s healthcare business posted $19.1 billion in revenue and $3.4 billion in profit, up from $18.3 billion in revenue and $3.2 billion in profit in 2016.

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