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 […]
GE Healthcare
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 […]
GE Healthcare leads AliveCor Series F funding for ECG tech
AliveCor today announced a Series F financing led by GE Healthcare. The FDA-cleared personal electrocardiogram tech company did not disclose the size of the funding round. NGK-NTK, through a CVC partnership with Pegasus Tech Ventures, also joined the round. The round also included existing investors Khosla Ventures, Bold Capital Partners, Qualcomm Ventures and WP Global […]
GE Healthcare launches next-gen X-ray system
GE Healthcare (NYSE:GE) announced today that it released its next-generation Definium 656 HD X-ray system. Chicago-based GE Healthcare’s latest generation of its overhead tube suspension (OTS) system leads its portfolio of fixed X-ray products as the most advanced fixed system yet, according to a news release. The medtech giant appears to be on a roll […]
Q2 Supply chain, COVID-19 issues lead to slightly lowered expectations for GE HealthCare
GE (NYSE:GE) shares were up on second-quarter results that came in ahead of the consensus forecast on Wall Street — though there are reduced expectations for the HealthCare business. The Boston-based company posted losses of $1.2 billion, or 78¢ per share, on sales of $18.6 billion for the three months ended June 30, 2022, for […]
GE Healthcare unveils next-gen ultrasound for its women’s health portfolio
GE Healthcare (NYSE:GE) today unveiled its next-generation Voluson Expert 22 ultrasound system for women’s health. The Chicago-based company designed Voluson Expert 22 with new imaging and processing power for higher resolutions and detailed images. Powered by artificial intelligence, the imaging system allows for better consistency in exams and a decreased number of tasks for the clinician. […]