Reuters reported today that ICU Medical and GE HealthCare are pursuing two business units Medtronic aims to sell off. The outlet cites sources familiar with the situation, saying the companies are looking at Medtronic’s patient monitoring and respiratory interventions businesses. According to Reuters, Medtronic values these businesses between $8 billion and $9 billion. In October, Medtronic […]
GE Healthcare
11 of the biggest medtech earnings stories from Q4 2022
Layoffs, growth and more — the biggest medtech companies in the world experienced a range of outcomes in the fourth quarter of 2022. Over the past two months, many of the largest medtech companies across the globe reported their financial results for the three months ended Dec. 31, 2022 (with a handful of exceptions due […]
GE HealthCare is expanding its partnership with Sinopharm in China
GE HealthCare (Nasdaq:GEHC) is forming a long-term joint venture with Sinopharm as it seeks to make additional inroads in China’s medical device market. Shanghai-based Sinopharm is one of the largest life science products companies in the world. Its pharmaceutical business alone — with roughly $60 billion in annual revenue — places it at No. 2 […]
GE HealthCare, Advantus ink $760M device maintenance deal
GE HealthCare (Nasdaq:GEHC) announced today that it entered into a 10-year agreement with Advantus Health Partners worth up to $760 million. The agreement provides GE HealthCare’s healthcare technology management (HTM) services to Advantus’ clients. Together the companies aim to offer a holistic program beyond the traditional break-fix approach to medical device maintenance. Advantus plans to […]
GE HealthCare recalls scanner for patient crushing risk
The FDA labeled the recall of the GE HealthCare (Nasdaq:GEHC) Nuclear Medicine 600/800 Series systems as Class I, the most serious kind. GE HealthCare recalled the imaging platforms after identifying an issue with two mechanisms. These mechanisms prevent uncontrolled detector movement. The issues could result in the suspended mass of the detector potentially falling. A […]
GE HealthCare to acquire Caption Health and its AI-powered image guidance tech
GE HealthCare (Nasdaq:GEHC) announced today that it signed an agreement to acquire AI healthcare technology developer Caption Health. The companies declined to disclose the financial terms of the deal. Caption Health creates clinical applications to aid in early disease detection. The company’s technology uses artificial intelligence (AI) to assist in conducting ultrasound scans. This technology […]
GE HealthCare expects growth in first year as standalone company
GE HealthCare (Nasdaq:GEHC) shares were up on fourth-quarter results that include projected sales growth in 2023. Shares of GEHC rose more than 3% at $72.36 apiece by afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up more than 9%. The Chicago-based company posted […]
GE Healthcare to acquire CT guidance tech developer Imactis
GE HealthCare (Nasdaq:GEHC) announced that it acquired computed tomography (CT) interventional guidance technology developer Imactis. France-based Imactis, founded in 2009, develops CT-Navigation. The ergonomic, universal solution provides stereotactic needle guidance. This enables intuitive pre-planning and continuous control throughout a wide range of procedures. The companies declined to publicly disclose the financial terms of the deal, […]
GE HealthCare appoints former Amazon exec as first chief technology officer
GE HealthCare (Nasdaq:GEHC) announced today that it appointed Dr. Taha Kass-Hout as its first chief technology officer. Kass-Hout’s responsibilities include leading the GE spinoff’s new science and technology organization. He reports to GE HealthCare President and CEO Peter Arduini. According to a news release, the role includes driving the company’s D3 precision care strategy. This […]
GE HealthCare joins S&P 500 on first day of trading
GE HealthCare is becoming part of the S&P 500 today — its first day trading on the Nasdaq as an independent company under the GEHC ticker. GEHC shares were up more than 4% at $58.56 apiece at the start of trading. By midday, shares rose 6% to $59.35 apiece. MassDevice‘s MedTech 100 Index, which includes […]
Siemens Healthineers, GE HealthCare reportedly express interest in Medtronic units
According to reports, Siemens Healthineers and GE HealthCare registered interest in acquiring business units from Medtronic (NYSE:MDT). Bloomberg first reported the interest from the two companies in two units Medtronic plans to spinoff. The outlet cited people familiar with the matter. In October, Medtronic announced its intention to pursue a separation of the company’s Patient […]
