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
How GLP-1s tanked and reshaped the medtech stock market in 2023
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 […]
FDA clears on-device triage algorithms for critical care from GE HealthCare
GE HealthCare announced today that the FDA granted 510(k) clearance to its Critical Care Suite 2.1 with a pneumothorax (PTX) algorithm. The industry-first clearance allows the suite to detect, notify and triage the diagnosis of PTX. Chicago-based GE HealthCare’s updated algorithm expands the suite’s on-device triage capabilities, according to a news release. It provides immediate […]
GE HealthCare unveils AI-powered breast cancer detection suite
GE HealthCare announced today that it launched a new, all-in-one AI platform to support breast cancer detection. The initial release of the GE HealthCare MyBreastAI Suite integrates three AI applications from iCad. That includes the ProFound AI for DBT, part of a platform that iCad today said demonstrates accurate breast cancer risk detection. It also […]
GE HealthCare, Masimo collaborate on patient monitoring tech
GE HealthCare and Masimo today announced a joint agreement to integrate patient monitoring technologies. The agreement aims to integrate Masimo Signal Extraction Technology (SET) pulse oximetry into GE HealthCare’s Portrait Mobile wireless, wearable patient monitoring solution. Portrait Mobile, built as an internet of medical things (IoMT) platform, uses cloud-native technology. It provides an end-to-end experience […]
GE HealthCare stock rises on Street-beating Q3
GE HealthCare shares are up today on third-quarter results that came in ahead of the consensus forecast. Shares of GEHC rose 6.3% at $64.14 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 1.1%. The Chicago-based company posted profits of $375 million […]