GE to sell $2B stake in GE Health Care Technologies

Illustration: Brendan Lynch/Axios

General Electric plans to sell a roughly $2 billion stake in GE HealthCare Technologies, about 28 million shares, in a debt-for-equity exchange, according to a regulatory filing.

Why it matters: The sale represents the latest step in the unwinding of GE and medical technology company GE HealthCare.

Details: Under the agreement, the debt-for-equity exchange is expected to swap 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley, according to a Reuters report.

Flashback: After spinning out from GE, GE Healthcare in January acquired French CT guidance developer Imactis.