General Electric (NYSE:GE) is partnering with Boston Children’s Hospital to develop an artificial intelligence-powered system designed to read radiology scans from pediatric patients, according to a Boston Business Journal report. The new algorithm, which is already in development, will be trained by radiologists at Boston Children’s and embedded into GE Healthcare imaging equipment, according to the […]
General Electric jumps on swing to Q1 black, confirms outlook
General Electric (NYSE:GE) shares got a bump this morning after reporting a swing to black with its Street-beating first-quarter results. The Boston-based industrial conglomerate reported profits of $3.55 billion, or 40¢ per share, on sales of $27.29 billion for the three months ended March 31, compared with Q1 2018 losses of -$1.18 billion. Sales were off […]
Volpara expands distro deal with GE Healthcare
Volpara Solutions said yesterday that it expanded its distribution agreement with GE Healthcare (NYSE:GE) to include the global distribution of its VolparaDensity software. Wellington, New Zealand-based Volpara said that its VolparaDensity software is designed to analyze mammograms using machine learning to provide automated, objective and volumetric breast density assessments and a breast density category that correlates […]
7 women in medtech you should know
Women hold more executive leadership roles in the medtech industry today than they did 20 years ago, but there’s still a long way to go. There is still a women’s leadership gap in the U.S., though. According to a report from the Centers for American Progress, women hold 52% of professional jobs in the U.S. […]
GE Healthcare adds Adventist Health to hospital collaborator list
GE Healthcare has signed an agreement to provide advanced analytics and reduce process variation for the 21-hospital Adventist Health system in California, Oregon and Hawaii, the health system announced. The five-year collaboration is designed to maximize the capacity of Adventist’s clinical assets and improve patient care delivery. Adventist said it expects the collaboration to spur […]
Here’s how precision medicine could change medical imaging
The business of precision medical imaging is poised to take off in the next few years, according to a new analysis by Frost & Sullivan. The market research firm’s report, “Growth Opportunities in Precision Medical Imaging, Forecast to 2022,” said new technologies and processes in diagnostic and therapeutic imaging could spur the market to grow […]
Report: GE secretly files for healthcare IPO
General Electric (NYSE:GE) reportedly filed confidentially for an initial public offering as it readies a spinout of its GE Healthcare business. The Boston-based industrial giant tapped Goldman Sachs, Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley for help with the flotation, according to Bloomberg, which cited sources “who asked not to be identified as the […]
FDA: GE R860 ventilator safety guard recall is Class I
The FDA today labeled a select recall of GE Healthcare‘s (NYSE:GE) CareScape R860 inspiratory safety guards, designed for use with a ventilator, as Class I. Class I designations, the FDA’s most severe classification, are used when there is a reasonable probability that product use could cause serious adverse health consequences or death. The R860 inspiratory safety […]
GE Healthcare closes out field inspection of Millennium radiation therapy systems
GE Healthcare (NYSE:GE) said last week that it closed out a full field inspection of all of its Millenium MG, MC and Myosight nuclear medicine systems after an incident in which the system malfunctioned. The company said that in September, it received notice that the top detector on on of its Millenium MG nuclear medicine systems detached […]
GE Healthcare’s Q3 profits tick up despite flat sales
Profits for the healthcare business at GE rose despite flat sales growth for the third quarter, as the parent company posted a swing to red ink on a -$22 billion charge. The Boston-based industrial conglomerate reported healthcare profits of $861 million on sales of $4.71 billion for the three months ended Sept. 30, for bottom-line […]
The 10 largest medical device companies in the world
Medtronic and Johnson & Johnson remain the world’s largest medical device companies. But after that, the roster is radically shifting amid a slew of mergers and acquisitions. In some cases such as GE, Philips and Siemens, major multinationals are breaking apart. We’ve sifted through data from public companies’ annual reports and other publicly disclosed information, […]
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