Siemens Healthineers
Siemens Healthineers (formerly Siemens Healthcare, Siemens Medical Solutions, and Siemens Medical Systems) is a German company which provides healthcare solutions and services.[2] It was spun off from its parent company Siemens in 2017, which retains a 75% stake. Siemens Healthineers is the parent company for several medical technology companies and is headquartered in Erlangen, Germany.
| Company type | Public (Aktiengesellschaft) |
|---|---|
| FWB: SHL DAX component | |
| ISIN | DE000SHL1006 |
| Industry | Healthcare |
| Founded | 1 December 2017 in Munich, Germany |
| Headquarters | , Germany |
Area served | Worldwide |
Key people | |
| Products | Angiography and Interventional X-ray Systems Computed Tomography Radiation Oncology Laboratory Diagnostics Molecular Diagnostics Molecular Imaging Magnetic Resonance Imaging Point-of-Care Diagnostics Refurbished Systems Services Syngo Imaging Software Ultrasound X-ray Products |
| Revenue | €21.7 billion (2022)[1] |
| €2.927 billion (2022)[1] | |
| €2.054 billion (2022)[1] | |
| Total assets | €33.614 billion (2022)[1] |
| Total equity | €19.852 billion (2022)[1] |
| Owner | Siemens (75%) |
Number of employees | 69,500 (2022) |
| Divisions |
|
| Website | siemens-healthineers |
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.[3][4] In May 2016, the business operations of Siemens Healthcare were rebranded "Siemens Healthineers."[5][6][7]
Globally, the companies owned by Siemens Healthineers have 65,000 employees.[8]
History edit
19th century edit
The history of Siemens Healthineers started in Berlin in the mid-19th century as a part of what is now known as Siemens AG. Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 12 October 1847.[9][10] The company formed around an invention created by Siemens called the pointer telegraph. Based on the telegraph, Werner von Siemens' new invention used a needle to point to the sequence of letters, instead of using Morse code.[11] The company, then called Telegraphen-Bauanstalt von Siemens & Halske, opened its first workshop on 12 October.[12] Eventually, the new company included electrometrical equipment and specialized in medical technology.[13][14]
In 1896, only one year after Wilhelm Conrad Röntgen discovered the X-ray, Siemens produced the first industrially manufactured X-ray tubes for medical diagnostics.[15][16]
20th century edit
In Aschaffenburg, Germany, X-ray pioneer Friedrich Dessauer founded his own company, which later came to prominence under the name Veifa-Werke. The companies maintained close ties with each other, finally merging in 1932 to form Siemens-Reiniger-Werke (SRW).[17][13] Later, in 1933, Siemens introduced rotating anode tubes for X-rays that could withstand much greater electrical loads, laying the foundation for the development of modern X-ray tubes.[18]
Supported by Siemens in Erlangen, Inge Edler, a Swedish physician, and physicist Carl Hellmuth Hertz were intrigued by the idea of using ultrasound technology to achieve more precise heart diagnoses. In 1953, they became the first to use the ultrasound technique for echocardiography.[15]
In 1958, Elema-Schönander AB (subsequently Siemens-Elema AB) developed the first cardiac pacemaker implanted in a critically ill heart patient by surgeon Åke Senning.[15][19]
In the 1960s, Siemens engineer Ralph Soldner developed the world's first "real-time" ultrasound unit, the Vidoson.[20] With this technology, technicians could view movements inside the body on a screen as they were taking place.[21][15]
In 1974, The company exhibited its first tomographic image of a human head at an annual meeting of the Radiological Society of North America, in Chicago. One year later, the company released its first computed tomography scanner, the Siretom.[22][15][23]
In 1998, Siemens introduced the first track-based laboratory automation system, the ADVIA LabCell Automation Solution.[24]
21st century edit
Siemens was the first to combine positron emission tomography (PET) with computed tomography (CT).[25] By creating this hybrid imaging system, Siemens combined the PET scanner's ability to visualize biological processes of life with a CT system's anatomical image of tissues and organs. In doing so, the combination system allows a simultaneous display of anatomy and biological function. Time magazine named the Siemens Biograph, the world's first commercial PET-CT scanner, the "Innovation of the Year" in 2000.[15][26]
In a similar fashion, Siemens launched the Biograph mMR in 2010, the first scanner to completely combine MRI and PET technologies.[27][28] Like PET-CT, PET-MR hybrid systems combine multiple technologies to provide a better image of the body, enabling better diagnoses, research, and treatment plans for patients. It combines precise images of body tissues from MRI with metabolic cell activity from PET.[15]
In 2011, Siemens discontinued its linear accelerators for the treatment of cancer, citing cost pressures and a decision to focus on diagnostic imaging in cancer.[29][30]
In May 2016, Siemens AG rebranded its Siemens Healthcare division to Siemens Healthineers as a part of its new management strategy.[31][32][33] CEO Bernd Montag introduced the name along with a five-minute celebratory dance routine performed outside the division's headquarters in Erlangen. The routine was met with ridicule; the Financial Times called it a "writhing, spandex-clad horror."[34] Multiple outlets called the new logo similar to that of Fitbit and called the rebranding a failure at large.[35][36] The name also led some people to believe that it was an article from The Onion.[37] Montag later admitted that the dance routine was a mistake.[38]
In November 2017 the company announced its intention to become publicly-listed on the Frankfurt Stock Exchange in March 2018. A minority stake of up to 25% was expected to be sold at part of the IPO, which would be Germany's largest listing since the IPO of Deutsche Telekom in 1996.[39] The first day of trading was 16 March 2018, with a 15% stake sold at an initial share price of €28.00.[40]
Charitable activities edit
Siemens Healthineers has supported charitable giving around the world. The company has supported such programs such as the American Society for Clinical Pathology's (ASCP) laboratory student scholarships, the PATH Ingenuity Fellows mentorship program, and others.[41][42]
The company has also contributed to disaster relief efforts. 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% of U.S. employee donations to the American Red Cross Disaster Relief Fund.[43] After the 2010 earthquake in Haiti, Siemens Healthineers donated medical equipment to aid healthcare workers in their efforts to help victims.[44] The company responded similarly in 2015 when a 7.8 magnitude earthquake struck Nepal. Siemens Healthineers provided the relief efforts with a magnetic resonance imaging machine in addition to the funds donated by Siemens AG.[45]
Mergers and acquisitions edit
In 2005, Siemens Medical Solutions USA, Inc. acquired CTI Molecular Imaging for $1 billion (€750 million, $20.50 per share) incorporating it into its Advanced Imaging business.[46]
In 2006, the business announced it would acquire Diagnostics Products Corporation for around $1.9 billion (€1.5 billion). Established in 1971, Diagnostics Products Corporation produced immunodiagnostics and supplies for fertility diagnosis and in-vitro allergy testing, with the business being incorporated into the Laboratory Diagnostics division post-deal.[47] In the same year the company announced it would acquire Bayer's Diagnostics division, for €4.2 billion, boosting the business's offerings in a range of services for in-vitro diagnosis.[48]
In November 2007, Siemens announced it would further expand its laboratory diagnostics range, via the acquisition of Dade Behring, producer of clinical laboratory equipment and products for routine chemistry testing, immunodiagnostics (including infectious disease testing), hemostasis testing, and microbiology.[49]
In November 2011 the business acquired MobileMD,[50] later divesting the business in 2014 to Cerner for $1.3 billion (€970 million).[51]
In September 2012 the company announced it would acquire Penrith Corporation, manufacturer of ultrasound imaging systems.[52]
In November 2016, Siemens Healthineers (via Siemens Healthcare GmbH) acquired Conworx Technology GmbH, a Berlin-based developer of point-of-care device interfaces and data management solutions.[53]
In May 2016, Siemens Healthineers expanded its molecular diagnostics portfolio with the acquisition of NEO New Oncology AG.[54]
In April 2017, Siemens Healthineers expanded into radiological information systems with the acquisition of Medicalis Corporation.[55]
In 2019, the business announced the acquisition of vascular robotics start-up, Corindus, for $1.1 billion (€980 million).[56]
In August 2020, the business announced it would acquire Varian Medical Systems, for $16.4 billion (€13.9 billion), representing a return to radiation therapy after the discontinuation of Siemens' own linear accelerators in 2011.[57][58] After the merger Varian will continue to operate as an independent company and will retain its headquarters along with its 10,000 employees.[59][60]
References edit
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- ^ . Siemens Healthineers. Archived from the original on 19 October 2022. Retrieved 4 February 2022.
- ^ Prodhan, Georgina. "Siemens names new healthcare bosses, power head goes", Reuters, 26 January 2015. Retrieved on 28 January 2016.
- ^ Medical Dealer. "Siemens Healthcare management reorganized with Bernd Montag as CEO", Medical Dealer, 27 January 2015. Retrieved on 28 January 2016.
- ^ AuntMinnie.com. "Siemens Healthcare now known as Siemens Healthineers", AuntMinnie.com, 4 May 2016. Retrieved on 12 May 2016.
- ^ Reuters. "Siemens healthcare rebrands as 'Healthineers'", Reuters, 4 May 2016. Retrieved on 12 May 2016.
- ^ Siemens Corporate Website. "Siemens Healthcare Becomes Siemens Healthineers" 8 May 2016 at the Wayback Machine, Siemens, 4 May 2016. Retrieved on 12 May 2016.
- ^ Siemens Corporate Website, results for Fiscal Year 2020.[1] Retrieved on 16 June 2021.
- ^ "Werner von Siemens" 25 February 2022 at the Wayback Machine, "Wobbe Vegter", 2006. Retrieved on 2 February 2016.
- ^ Feldenkirchen, Wilfried. Werner von Siemens: Inventor and International Entrepreneur, 1992. Print.
- ^ Huurdeman, Anton A. "Electrical Telegraph in Germany", The Worldwide History of Telecommunications, 2003. Retrieved on 2 February 2016.
- ^ "Founding of the 'Siemens & Halske Telegraph Construction Company,' which later became Siemens AG", Siemens AG, Retrieved on 29 September 2015.
- ^ a b "Company History", Siemens Healthcare Website, Retrieved on 23 May 2023.
- ^ Fouse, Gary C."Reiniger-Gebbert-Schall- Forerunners of Siemens Medical Solutions in Eralngen". Erlangen: An American's History of a German Town, 2005. Retrieved 19 February 2016.
- ^ a b c d e f g "Technological milestones", Siemens Corporate Website, Retrieved on 23 May 2023.
- ^ Hess, Edward D., and Robert K. Kazanjian. "Siemens Medical Solutions: significant innovations". The Search for Organic Growth, 2006. Retrieved on 2 February 2016.
- ^ The Editors of Encyclopædia Britannica. "Siemens AG", Encyclopædia Britannica, Retrieved on 4 February 2016.
- ^ "Siemens Pantix Tubes", The University of Manchester Library Image Collections, 2007. Retrieved 19 February 2016.
- ^ Cooley, Denton A., MD. "In Memoriam: Tribute to Åke Senning, Pioneering Cardiovascular Surgeon", US National Library of Medicine, National Institutes of Health, 2000. Retrieved 12 February 2016.
- ^ Woo, Joseph, Dr. "A short History of the Real-time ultrasound scanner", Ultrasound in Obstetrics and Gynecology, 1998–2001. Retrieved 12 February 2016.
- ^ "The History of Ultrasound", Ultrasound Schools Guide, Retrieved 12 February 2016.
- ^ "Brief History of CT", Imaginis, Retrieved 22 February 2016.
- ^ "Original "Siretom" dedicated head CT scanner, circa 1974", CT Scan Tips and Protocols, 2012. Retrieved 22 February 2016.
- ^ Felder, Robin A., PhD. "Is Lab Automation Right for Your Lab?", CAP Today, 2001. Retrieved 22 February 2016.
- ^ Townsend, David W., PhD. "Combined PET/CT: the historical perspective", US National Library of Medicine, National Institutes of Health, 2008. Retrieved 26 February 2016.
- ^ Kuhl, Helen. "PET/CT: A Dynamic Duo", Imaging Technology News, 3 May 2012. Retrieved 4 March 2016.
- ^ Forrest, Wayne."Siemens to unveil Biograph mMR PET/MRI scanner at RSNA", Aunt Minnie.com, 19 November 2010. Retrieved 4 March 2016.
- ^ "Siemens Healthcare Unveils Biograph mMR Whole-Body Integrated MR-PET System Capable of Simultaneous Data Acquisition ", BioSpace, 19 November 2011. Retrieved 4 March 2016.
- ^ Nafziger, Brendon (22 December 2011). "Siemens to end linac sales". DOTmed.
- ^ Keen, Cynthia E (23 December 2011). "Siemens explains rationale for linac exit". AuntMinnie.com.
- ^ Siemens Healthineers."Siemens Healthcare Becomes Siemens Healthineers" 8 May 2016 at the Wayback Machine Siemens Healthineers, 4 May 2016. Retrieved 19 May 2016.
- ^ Reuters."Siemens healthcare rebrands as 'Healthineers'" Reuters, 4 May 2016. Retrieved 19 May 2016.
- ^ DOTMed."Siemens rebrands health care business as Siemens Healthineers" DOTMed, 4 May 2016. Retrieved 19 May 2016.
- ^ Kellaway, Lucy (15 May 2016). "The Siemens Healthineers song is a writhing, Spandex-clad horror". Financial Times. Archived from the original on 11 December 2022. Retrieved 5 June 2019.
- ^ "Siemens Healthcare demonstrates how to totally fail at rebranding your business". Boing Boing. 18 May 2016.
- ^ at 11:02, Lester Haines 5 May 2016. "Siemens Healthcare struck by rebranding madness". www.theregister.co.uk.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Lynn, John (6 May 2016). "Fun Friday – Siemens Healthineers Video". Healthcare IT Today.
- ^ "Siemens Healthineers-Chef Montag: "Im Nachhinein war das sicher ein Fehler"". www.handelsblatt.com.
- ^ Siemens chooses Frankfurt over New York for Healthineers IPO, 29 November 2017 Retrieved 24 January 2018
- ^ Börse Frankfurt Siemens Healthineers AG Retrieved 6 November 2018
- ^ "Pursue Your Career with Funding From the Siemens-ASCP Scholarship Program" 16 September 2017 at the Wayback Machine ASCP Website, Accessed 16 September 2016.
- ^ "PATH and Siemens Foundation partner to launch Ingenuity Fellowships" ‘’PATH Website’’, Accessed 16 September 2016.
- ^ "Siemens donates to Katrina relief" AuntMinnie.com, 5 September 2005, Accessed 16 September 2016.
- ^ "Siemens Healthcare Donates Needed Medical Equipment to Haiti Disaster Relief" Siemens Corporate Site, 25 January 2010, Accessed 16 September 2016.
- ^ "Disaster relief for Nepal" Siemens Corporate Site, Accessed 16 September 2016.
- ^ "Siemens to buy CTI Molecular Imaging, Inc., for $1 billion". Memphis Business Journal. 18 March 2005.
- ^ "Siemens to Acquire Diagnostic Products Corporation; Siemens Medical Solutions Enters the In-Vitro Diagnostics Market" (Press release). 27 April 2006.
- ^ "Siemens buys Bayer's diagnostics division". Business Standard. 6 February 2013.
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- ^ "Siemens Acquires Conworx Technology". Clinical Lab Products. 27 December 2016.
- ^ Lawrence, Stacy (17 May 2016). "Siemens buys German liquid biopsy startup to enter molecular oncology Dx". FierceBiotech.
- ^ Pender, Terry (21 April 2017). "Medicalis to be acquired by health-care unit of Siemens". The Waterloo Region Record.
- ^ Höpner, Axel; Telgheder, Maike (8 August 2019). "Milliarden-Wette auf die Zukunft: Siemens Healthineers übernimmt US-Firma Corindus". Handelsblatt (in German).
- ^ Poltz, Jörn; Busvine, Douglas (2 August 2020). "Siemens Healthineers expands into cancer care with $16.4 billion deal for Varian". Reuters.
- ^ Casey, Brian (3 August 2020). "Siemens to buy Varian in $16B deal". AuntMinnie.com.
- ^ "Varian to Combine with Siemens Healthineers in $16.4 Billion All-Cash Transaction" (Press release). Varian. 2 August 2020.
- ^ Rachal, Maria (2 August 2020). "Varian sold to Siemens Healthineers in $16.4B all-cash deal". MedTech Dive.