GE HealthCare today announced the formation of a philanthropic entity to focus on advancing equitable access to healthcare. The company established the GE HealthCare Foundation as a charitable organization, incorporated separately from GE HealthCare itself. It supports nonprofit organizations hoping to make healthcare more accessible, personal, human and flexible. Ultimately, according to a news release, […]
GE Healthcare
GE HealthCare, Mass General bring AI to imaging
GE HealthCare announced today that it plans to expand its AI partnership with Mass General Brigham. The two began work on AI solutions after announcing a 10-year commitment in 2017. They set out to explore AI across a broad range of diagnostic and treatment paradigms through sustainable AI development. In September, they announced an effort […]
GE Healthcare’s AI models can predict patient responses to immunotherapy
GE HealthCare today announced data showing its AI models’ ability to accurately predict patient responses to immunotherapies. The study collected clinical data to accurately forecast the effectiveness and toxicity of cancer immunotherapy. Data demonstrated accuracy between 70% and 80% with the AI models in a pan-cancer cohort. Investigators published outcomes in the Journal of Clinical […]
GE HealthCare, Biofourmis collab on at-home patient monitoring
GE HealthCare announced today that it entered into a collaboration with Biofourmis to enable safe, effective, accessible care in the home. The two companies paired up to support the patient journey beyond the hospital setting. Their collaboration leverages combined expertise in innovative care-at-home solutions. They say hospital systems face increased costs of care due to […]
How GLP-1s tanked and reshaped the medtech stock market in 2023
Analysts weigh in on how the GLP-1 craze caused one of the biggest swings in the medtech stock market in recent years.
In a tumultuous year for the medtech industry, the combination of strong sales growth and promising clinical trial results from glucagon-like peptide 1 agonists (GLP-1s) created a seismic shift in the medtech stock market, triggering one of the largest dips in market value that analysts have seen in years. While analysts said the medtech stock market […]
GE HealthCare prices $1B offering
GE HealthCare announced today that it priced an underwritten public offering worth an amount totaling more than $1 billion. Chicago-based GE HealthCare priced the offering of 13 million shares of common stock at $82.25 per share. That translates to $80.605 per share, net of underwriting discount. At the price of $82.25 per share, the total […]
GE HealthCare, MedQuest collab on tech for outpatient imaging
GE HealthCare announced that it partnered with MedQuest to optimize multi-site outpatient imaging networks. MedQuest is a leading owner, operator and manager of outpatient diagnostic imaging facilities. The three-year collaboration provides access to GE HealthCare’s technology with infrastructure and resources from MedQuest. The companies believe MedQuest’s model with GE HealthCare’s offerings can help deploy emerging […]
GE HealthCare stock soars on Street-beating Q4, new 2024 guidance
GE HealthCare shares got a boost today on fourth-quarter results that came in ahead of the consensus forecast. Shares of GEHC rose by nearly 10% to $79.95 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.5%. The Chicago-based company posted profits […]
GE HealthCare to acquire AI imaging analysis company MIM Software
GE HealthCare announced today that it agreed to acquire AI and medical imaging analysis provider MIM Software. GE HealthCare plans to fund the acquisition — for which financial terms were not disclosed — with cash on hand. MIM Software provides AI-based software for radiation oncology, molecular radiotherapy, diagnostic imaging and urology. The Cleveland-based company’s offerings […]
AdvaMed picks GE HealthCare CEO Peter Arduini as new chair, forms medical imaging division
AdvaMed today announced the appointment of GE HealthCare CEO Peter Arduini as its board chair as it establishes a medical imaging division. Arduini takes over the board chair spot from former Johnson & Johnson MedTech head Ashley McEvoy. McEvoy resigned from her position at J&J in October and subsequently stepped down as AdvaMed chair less […]
GE HealthCare, AirStrip partner on patient monitoring, cardiac data visualization
GE HealthCare announced today that it entered into a joint commercialization agreement with AirStrip to distribute patient monitoring technology. AirStrip, a member of the Nantworks group of AI-driven companies, develops cardiology and patient monitoring solutions. These technologies offer data visualization technology through a proprietary, native mobile application. Clinicians can see clinical data on mobile devices […]