GE (NYSE:GE) announced today that it is offering $8.25 billion in senior notes in connection with its planned spinoff of GE HealthCare. The spinoff remains on track to take place during the first week of January 2023. It’s common for companies spinning out of larger parents to start out with debt. For example, spine and […]
GE Healthcare
GE posts mixed-bag Q3 results as GE HealthCare spinoff remains on track
GE (NYSE: GE) this week posted third-quarter results that beat the revenue consensus on Wall Street but missed on earnings. GE HealthCare spinoff plans remain on track for an early January 2023 completion. The Boston-based company reported a loss of -21¢ per share for the three months ended Sept. 30, 2022, versus a profit of […]
GE Healthcare, AMC Health partner on remote monitoring
GE Healthcare announced today that it partnered with AMC Health to offer remote patient monitoring (RPM) as a virtual care solution. The collaboration allows clinicians to offer RPM virtually to extend patient care outside the hospital to the home environment. They aim to combine GE Healthcare’s acute patient monitoring capabilities in the hospital with AMC’s […]
GE HealthCare moves to secure contrast media supply
GE HealthCare today announced a long-term agreement with Chile-based mining company SQM to secure its supply of iodine for vital imaging agents. The chemical element is a key ingredient for contrast media products. Health providers worldwide use contrast media in X-Ray and Computed Tomography (CT) procedures. The medtech giant is seeking to stabilize contrast media […]
GE HealthCare spinoff moves forward
GE (NYSE: GE) has filed a Form 10 registration statement with the SEC as aims toward completing a GE HealthCare spinoff in early 2023. With $17.6 billion in annual revenue and 51,000 employees, GE HealthCare will remain a major medtech business. (Check out our recent Medtech Big 100 report on the world’s largest medical device […]
FDA clears next-gen deep learning MRI software from GE Healthcare
GE Healthcare (NYSE:GE) announced today that it received FDA 510(k) clearance for its AIR Recon DL for 3D and Propeller imaging sequences. Air Recon DL’s benefits extend to nearly all magnetic resonance imaging (MRI) clinical procedures. The platform covers all anatomies, enabling better image quality, shorter scan times and improved patient experience. GE Healthcare said […]
GE Healthcare, Wayra partner with startups to improve digital health across EMEA
GE Healthcare (NYSE:GE) and Wayra today announced a collaboration to name seven medtech startups to the Edison Accelerator program. The seven startups represent the second cohort of the Edison Accelerator in Europe, the Middle East and Africa (EMEA). The accelerator is a startup and scale-up program designed by GE Healthcare in partnership with UK-based Wayra. […]
GE Healthcare, Lantheus radiotracer trial meets endpoints
GE Healthcare (NYSE:GE) and Lantheus Holdings (NSDQ:LNTH) today announced positive trial results for an investigational radiotracer. The Phase III clinical trial for the Flurpiridaz radiotracer met its co-primary endpoints. It exceeded a 60% threshold for both sensitivity and specificity in detecting coronary artery disease (CAD). GE and Lantheus shared the results at the American Society […]
The 10 largest medtech employers — and what their employees really think
Employees of the 10 largest medtech employers are happy to be a part of companies having a positive impact on patient populations. That was one major takeaway as MassDevice compiled some current and former employee reviews posted on Glassdoor. Medtronic, Philips and Johnson & Johnson MedTech top the list of largest medtech employers. The 10 […]
GE announces target HealthCare spinoff date, names board for new standalone company
GE today announced the board of directors and the planned spinoff date for its new HealthCare standalone company. Boston-based GE said the previously-announced tax-free spinoff is expected to be completed in the first week of January in the new year. Previously, the company announced that H. Lawrence Culp, Jr., chairperson and CEO of GE and […]
What are the largest medical device companies?
Medtronic, Johnson & Johnson MedTech and Siemens Healthineers top the Big 100 list of largest medical device companies by revenue. The 2022 edition of MassDevice and Medical Design & Outsourcing‘s Big 100 report also holds surprises. Big conglomerates are spinning out medtech businesses as stand-alone companies, and that means changes to the list of the […]
