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Ge Healthcare Acquires Software Provider for $2.3b
The $2.3 billion acquisition of Intelerad will triple GE HealthCare's cloud-enabled imaging products by 2028 and expand its outpatient and ambulatory care presence.
- On Thursday, GE HealthCare Technologies Inc. announced it is buying Intelerad Medical Systems Inc. for $2.3 billion in cash, marking one of its largest digital bets since independence.
- To accelerate its digital shift, GE HealthCare will expand cloud-native and AI-enabled imaging offerings, enter the outpatient imaging market estimated at more than $2 Billion, and speed its software-as-a-service transition.
- Intelerad's financials show roughly 90% recurring revenue and $270 million first full-year revenue, while its software in radiology and cardiology complements GE HealthCare's hospital focus.
- GE HealthCare will fund the deal with cash on hand and debt proceeds, causing slight short-term dilution to adjusted profit but expects to offset this with cost efficiencies; the transaction is expected to close in the first half of 2026.
- The deal positions GE HealthCare as making its largest acquisition since independence, combining device and AI competence with cloud expertise to boost top-line revenue and adjusted EBIT and project a high-single-digit return on invested capital within five years.
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19 Articles
19 Articles
GE HealthCare takes over Intelerad, based in Montreal, in a $3.2 billion transaction that consolidates its digital offer for hospitals.
·Montreal, Canada
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This is the first acquisition of GE HealthCare since its separation from General Electric (GE) in January 2023 and aims to speed up the company's transition to a software business model as a service
·Brazil
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Coverage Details
Total News Sources19
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 37% Center
Bias Distribution
- 38% of the sources lean Left, 37% of the sources are Center
38% Left
L 38%
C 37%
R 25%
Factuality
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