GE's Profitable Health-Care Unit Is Getting New Life as Standalone

Health-care investors will soon get a huge new company to trade.

General Electric Co. announced Tuesday that it plans to spin off its medical division into a separate company. Based on the valuation of peer companies, the new entity could have a enterprise value, which includes debt, of between $65 billion and $70 billion, according to Karen Ubelhart, a Bloomberg Intelligence analyst. That would rank it among the biggest health-care companies in the world.