The news comes a day after GE agreed to sell its distributed power unit for US$3.25 billion to US buyout group Advent.

GE’s healthcare unit makes diagnostic imaging systems such as X-ray and magnetic resonance and clinical systems, including ultrasound. The business had US$19.11 billion in revenue in 2017, representing more than 15% of the company’s annual sales.

The industrial conglomerate bought Baker Hughes in July 2017 and combined it with its oil and gas equipment and services operations to create a new company in which GE holds an ownership interest of about 62.5%.

GE’s oil and gas unit reported sales of US$17.23 billion in 2017.

GE said it plans to reduce its industrial net debt by about US$25 billion by 2020 and maintain more than US$15 billion of cash on its balance sheet.