GE HealthCare Technologies Inc. will be an S&P 500 stock as soon as it actually exists.
General Electric Co. GE expects to spin off its healthcare arm into a separately traded company on Jan. 4, and S&P Dow Jones Indices announced Wednesday afternoon that the new company will be included in the S&P 500 SPX as of that day. The new stock will replace Vornado Realty Trust VNO, which will move down to the S&P Midcap 400, S&P Dow Jones Indices announced.General Electric Co. GE expects to spin off its healthcare arm into a separately traded company on Jan.
GE announced plans to split the company into three separate entities in November 2021, with the creation of GE Healthcare the first step toward that goal. The split is expected to happen after the close of trading on Jan. 3, with GE investors receiving one share of GE Healthcare for every three shares of GE they own.
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