Siemens Healthineers

Siemens Healthineers AG

Company type	Aktiengesellschaft (German stock corporation)
Industry	Medical technology
Founded	1 December 2017
Key people	Bernd Montag (Chairman), Jochen Schmitz, Darleen Caron, Elisabeth Staudinger-Leibrecht, Ralf P. Thomas (Supervisory Board Chairman)
Revenue	€22.4 billion (2023/24) (2023/24)
Number of employees	approximately 72,000 (2024)
Website	www.siemens-healthineers.com

Siemens Healthineers AG is a publicly traded manufacturer of medical technology encompassing the activities of Siemens in this field. The name “Healthineers” is a portmanteau of “healthcare,” “engineer,” and “pioneer.” Siemens Healthineers is one of the world’s largest healthcare providers, with employees in 70 countries. Its legal seat is in Munich, Germany, and its main operational headquarters are located in Erlangen, with additional facilities in Forchheim, Kemnath, Röttenbach (near Erlangen), Rudolstadt, and Marburg.

History

In 1847, the firm Siemens & Halske was founded in Berlin and began producing electromedical devices between 1850 and 1866. On 24 May 1877, Erwin Moritz Reiniger established a workshop on the Erlanger Schlossplatz. In his first advertisement, he offered “all kinds of constant batteries; also thermometers, arcometers, urinometers, microscopes; as well as spectacles and pince-nez in 8- and 14-karat gold, silver, new silver, and steel. In addition, household telegraph and telephone lines are expertly installed, and all related work and repairs are carried out promptly and affordably. A telephone with electric wiring and bells from my private workshop to the physics cabinet can be viewed at any time.”

In 1886, Reiniger joined Max Gebbert and Karl Friedrich Schall to form the general partnership Vereinigte Physikalisch-Mechanische Werkstätten Reiniger, Gebbert & Schall, Erlangen – New York – Stuttgart. In 1895, Wilhelm Conrad Röntgen discovered X-rays in Würzburg. Immediately after this discovery, the company began producing X-ray tubes and associated apparatus in 1896.

In 1932, Siemens-Reiniger-Werke AG was created by merging Reiniger, Gebbert & Schall AG in Erlangen (Bavaria), Phönix X-ray Tube Factories AG in Rudolstadt (Thuringia), and Siemens-Reiniger-Veifa Company for Medical Technology (Veifa: Vereinigte Elektrotechnische Institute Frankfurt-Aschaffenburg) in Berlin-Siemensstadt.

In 1966, the merger of the previously independent public companies Siemens & Halske, Siemens-Schuckertwerke, and Siemens-Reiniger-Werke formed the present-day Siemens AG. The medical technology division was named Siemens AG, Werner Factory for Medical Technology. During a restructuring, the Werner Factory was renamed Siemens Medical Technology Division in 1969 and later renamed Medical Solutions in 2001. In June 2002, Siemens Medical Solutions celebrated its 125th anniversary across Erlangen, Forchheim, Kemnath, and Rudolstadt.

Until 2001, the division was called Medical Technology Division; it was then renamed Siemens Medical Solutions until the end of 2007. In 2008, medical technology became Siemens Sector Healthcare as one of four sectors. From October 2014 to April 2015, the division was titled Siemens Healthcare. In early May 2015, Siemens Healthcare was spun off into the legally independent Siemens Healthcare GmbH, with Siemens remaining the sole shareholder.

In May 2016, at an employee event, the brand name Siemens Healthineers was introduced. The name combines syllables of the English words “health,” “engineer,” and “pioneer,” emphasizing the company’s pioneering spirit and engineering expertise. The legal entity continued to operate as Siemens Healthcare. In March 2025, the company received a €515 million contract from the Government of Alberta to enhance imaging modalities—MRI and CT—in cancer care.

Initial public offering

In August 2017, Siemens announced plans to take Siemens Healthineers public. Siemens Healthineers AG was established for this purpose. At the time, Siemens did not disclose the percentage of shares it would retain; reports indicated that up to 25 percent of shares would be offered to the public. The bookbuilding period was set for 6 March and 15 March 2018. Since June 2018, the company has been listed in TecDAX. On 24 September 2018, Siemens Healthineers joined MDAX. In September 2021, as part of an index reform, the company was included in DAX. Siemens remains the majority shareholder with 72 percent of the share capital; the remaining 28 percent are free float. Siemens intends to retain a majority stake in the long term.

Business segments

The company is organized into six business areas:

• Point of Care Diagnostics
• Laboratory Diagnostics
• Diagnostic Imaging
• Ultrasound
• Advanced Therapy
• Services

Its portfolio includes ultrasound examination systems, mammography devices, computed tomography scanners, magnetic resonance imaging scanners, angiography systems, conventional X-ray systems, sports medicine diagnostic devices, molecular imaging systems (PET∙CT, SPECT∙CT, PET∙MR), laboratory diagnostics products, radiation therapy systems, and particle therapy systems based on particle accelerators. Siemens Healthineers also provides medical information processing systems. In 2018, it ranked sixth globally among the largest medical technology manufacturers, behind Medtronic, Johnson & Johnson, General Electric, Fresenius Medical Care, and Philips.

In August 2024, Siemens Healthineers announced its intention to acquire part of Novartis’s radiopharmaceuticals business for cancer diagnostics. The transaction, valued at over €200 million, is expected to be completed by the end of 2024 and will enable the U.S.-based PET radiopharmaceutical operations to expand into Europe.

The long-standing hearing aid business was sold by Siemens in January 2015 to EQT and the Strüngmann family. It is now operated by the company Sivantos, which continues to use the Siemens brand name under license.

Consolidated financial figures

in millions of euros

Year	2018	2019	2020	2021	2022	2023	2024
Revenue	13,429	14,518	14,460	17,997	21,714	21,680	22,363
Operating profit	1,792	2,189	1,951	2,398	2,798	1,925	2,525
Total assets	19,758	21,429	25,094	42,162	49,056	46,684	46,055
Dividend per share	0.70	0.80	0.80	0.85	0.95	0.95	0.95
Employees	50,000	52,000	54,300	66,000	69,500	71,000	72,000

External links

• Official website of Siemens Healthineers
• Siemens Corporate Museum for Medical Technology