Check-Cap (NSDQ:CHEK) said yesterday it inked a development and manufacturing validation deal with GE Healthcare (NYSE:GE) for integrating X-ray source production and assembly into Check-Cap’s indigestible capsule designed for colorectal screening. The deal comes with the possibility for collaboration on the execution of a high-volume manufactuing facility and distribution of the Check-Cap system after completion of […]
GE Healthcare
Profits, sales up during Q2 for GE Healthcare
Profits and sales grew during the 2nd quarter for GE Healthcare (NYSE:GE), helping the industrial conglomerate beat Wall Street’s earnings forecast. GE Healthcare’s operating profits rose 11% to $782 million on sales growth of 4% to $4.53 billion “driven by strong volume growth and cost productivity,” General Electric said, noting a margin gain of 110 basis points Overall, […]
GE Healthcare, ThoughtWire ink 5-year deal to develop hospital apps
GE Healthcare Partners (NYSE:GE) said today it inked a 5-year collaboration agreement with Toronto-based software company ThoughtWire to develop digital tools for hospitals and health systems. ThoughtWire develops software at the workflow level, which GE Healthcare said would be synergistic with its own focus on hospital and health-system level development. “The goal of this collaboration is […]
SonoSim, GE Healthcare re-up ultrasound training deal
Ultrasound education focused SonoSim said this week it is extending a collaboration with GE Healthcare (NYSE:GE) to cover ultrasound training and education for GE’s women’s health and urology divisions. Through the extended collaboration, Sonosim will offer its SonoSim 365 for GE Healthcare to clients in the women’s health and urology fields who own qualifying ultrasound systems […]
Report: GE Healthcare CEO Flannery turns his eye from M&A to internal growth
GE Healthcare (NYSE:GE) CEO John Flannery, who oversaw more than $26 billion in deals during his tenure as the conglomerate’s business development leader, is reportedly looking to a different playbook for growth at the healthcare business. “When we look at the basic position of the company, we like the portfolio,” Flannery told BloombergTechnology. “So my mandate right […]
GE Healthcare inks strategic imaging deal with Heritage Valley Health System
Heritage Valley Health Systems said today it inked a strategic alliance with GE Healthcare (NYSE:GE) that will provide the group with MRI and CT scanners as well as other equipment from GE. The deal, which will span 14 years, will put MRI and CT scanners in the Heritage Valley Beaver and Heritage Valley Sewickley hospitals as well […]
GE Healthcare, NBA name research award winners
GE Healthcare (NYSE:GE) and the National Basketball Association today announced the 1st round of winning research proposals submitted to their Sports Medicine and Orthopedic collaboration, which was launched last year. The joined Sports Medicine and Orthopedic strategic collaboration aims to fund research to address prevention, diagnosis and treatment of musculoskeletal injuries affecting NBA players and everyday […]
CEO Shortall, COO Mojdeh out as Unilife retools | Personnel Moves
Unilife (NSDQ:UNIS) said today that chairman & CEO Alan Shortall and president & COO Ramin Mojdeh are out, effective immediately, as it reorganizes to focus on its revenue-generating programs with existing customers. Unilife, which finally sealed the deal with Amgen last month for an injectable drug delivery system, said it will create a pair of new […]
GE Healthcare looks to cut costs, boost margins
GE Healthcare (NYSE:GE) is looking to reverse a slump in operating margins with a 2% increase this year, CEO John Flannery said last week. The goal is 18% by the end of 2018, Flannery said during a GE Healthcare investor presentation March 11. The imaging and healthcare IT business expects to post operating margins of 16.7% this […]
Accuray, GE Healthcare ink financing deal for Cyberknife, TomoTherapy
Accuray (NSDQ:ARAY) and GE Healthcare (NYSE:GE) said today they signed a collaborative agreement to develop financing options for Accuray’s CyberKnife and TomoTherapy systems. The companies said they hope the new financing program will make it easier for clinicians in Europe to offer patients treatments with the associated systems. “In today’s complex global healthcare environment, it’s important to […]
AI startup MedyMatch lures ex-Philips imaging CEO Saragnese
Newly launched artificial intelligence healthcare startup MedyMatch Technology said today it snagged ex-Royal Philips (NYSE:PHG) Imaging Systems division CEO Gene Saragnese as its new chief exec and board chair. The Israel-based startup said it is developing a decision support platform that uses deep vision, cognitive analytics and AI that pairs with standard emergency room imaging […]