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GE Healthcare company logo
Corporation
HEALTHCARE | Medical Devices & Equipment / Imaging & Diagnostic Equipment
gehealthcare.com

Investments

39

Partners & Customers

10

About GE Healthcare

GE Healthcare (NASDAQ: GEHC) is a medical technology company. It offers a range of medical products such as ultrasound systems, imaging systems, patient monitoring systems, and more. The company was founded in 1892 and is based in Chicago, Illinois.

Headquarters Location

500 West Monroe Street 16th Floor

Chicago, Illinois, 60661,

United States

800-437-1171

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Expert Collections containing GE Healthcare

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find GE Healthcare in 2 Expert Collections, including Conference Exhibitors.

C

Conference Exhibitors

5,302 items

D

Digital Health

10,563 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Research containing GE Healthcare

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned GE Healthcare in 5 CB Insights research briefs, most recently on Aug 1, 2023.

Latest GE Healthcare News

These companies set to benefit from sales of Biogen Alzheimer's med Leqembi

Sep 23, 2023

andresr/E+ via Getty Images When the US FDA granted full approval of Biogen (NASDAQ: BIIB ) and Eisai's ( OTCPK:ESAIY ) Alzheimer's treatment Leqembi (lecanemab), it was a boon to the two companies. It meant that the Centers for Medicare and Medicaid Services ( CMS ) would cover the drug. Patients also benefitted as Medicare would foot most of the bill for the cost of the drug, which has a list price of $16.5K. And due to requirements for taking the medicine, it also meant that other companies -- particularly in the diagnostics and imaging space -- could make money off of Leqembi uptake. While the full approval could help restore some of Biogen ( BIIB ) and Eisai's ( OTCPK:ESALF ) damaged reputation after its other approved Alzheimer's med, Aduhelm (aducanumab), failed to gain traction, getting people take the drug is, well, a process. A patient first has to have a confirmed diagnosis of mild cognitive impairment related to Alzheimer's or mild dementia. Those with more severe forms of the disease are not eligible for treatment. Next, a patient will have to get either a amyloid PET scan or spinal tap to confirm the presence of amyloid , a sticky protein in the brain believed to be associated with Alzheimer's. Here's the problem. Medicare only covers one of these PET scans per lifetime and only as part of a trial. Out-of-pocket costs for a PET scan can average $3K or more, according to the Alzheimer's Association . The imaging cost issue may go away soon if a proposal from CMS to eliminate the restriction on PET scans is eliminated. But even if it is, a Leqembi user will still need to have regular MRI scans due to the brain hemorrhaging and bleeding seen in some patients in clinical trials. While these hurdles might be a turnoff for some, it has the potential to benefit other companies in the process, such as those who provide diagnostics and imaging systems necessary for PET and MRI scans, and radiology centers where they will be conducted. Here's a look at some of the companies that could reap their own dividends courtesy of Leqembi. GE HealthCare Technologies (NASDAQ: GEHC ) is a healthcare equipment powerhouse, and one of its largest segments is diagnostic machines and supplies. The company's line of Omni Legend and Discovery CT/PET machines are already present in many radiology suites. Should demand for Leqembi take off, additional orders for these machines are almost certain to rise. GE Healthcare also provides chemistry solutions and cyclotrons to support tracer production that is used in the evaluation of scans. Siemens Healthineers ( OTCPK:SEMHF )( OTCPK:SMMNY ) is another diagnostics and imaging behemoth. Its Biograph family of CT/PET scanners is a direct competitor to GE HealthCare ( GEHC ). Because a spinal tap to collect cerebrospinal fluid can also be used to detect the presence of amyloid in the brain, Roche's ( OTCQX:RHHBY ) diagnostics segment markets a test that can detect the presence of amyloid from CSF. RadNet (NASDAQ: RDNT ) is one of the largest providers of diagnostic imaging services centers in the country with 357 centers in seven states. It is where a patient would get a amyloid pet scan or one of the regular MRI scans that Leqembi treatment requires. Diagnostic services providers Quest Diagnostics ( DGX ) and Laboratory Corporation of America ( LH ) could also see increased testing resulting from Leqembi. Labeling recommends that doctors test potential patients for the presence of the APOE4 gene, which is associated with a higher risk of brain hemorrhaging and bleeding seen with the drug.

GE Healthcare Investments

39 Investments

GE Healthcare has made 39 investments. Their latest investment was in MediView as part of their Series A on May 5, 2023.

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GE Healthcare Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/16/2023

Series A

MediView

$15M

Yes

2

8/16/2022

Series F

AliveCor

Yes

3

5/13/2022

PIPE

Pulsenmore

$50M

Yes

6

6/28/2021

Series D

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$99M

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10

12/3/2019

Series B

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$99M

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10

Date

5/16/2023

8/16/2022

5/13/2022

6/28/2021

12/3/2019

Round

Series A

Series F

PIPE

Series D

Series B

Company

MediView

AliveCor

Pulsenmore

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Amount

$15M

$50M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

3

6

10

10

GE Healthcare Acquisitions

35 Acquisitions

GE Healthcare acquired 35 companies. Their latest acquisition was Caption Health on February 09, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/9/2023

Grant

$99M

$75.33M

Acquired

17

1/9/2023

Private Equity

$99M

$3.53M

Acquired

24

11/20/2020

Grant

$99M

Acquired

3

11/28/2017

Grant

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$99M

$99M

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10

7/10/2017

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$99M

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10

Date

2/9/2023

1/9/2023

11/20/2020

11/28/2017

7/10/2017

Investment Stage

Grant

Private Equity

Grant

Grant

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$75.33M

$3.53M

$99M

Note

Acquired

Acquired

Acquired

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Sources

17

24

3

10

10

GE Healthcare Partners & Customers

10 Partners and customers

GE Healthcare has 10 strategic partners and customers. GE Healthcare recently partnered with Mayo Clinic on September 9, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

9/14/2023

Partner

United States

Mayo Clinic, GE HealthCare Ink Medical Imaging & Theranostics Deal

Mayo Clinic and GE HealthCare began a strategic healthcare partnership for R&D programs that plan to transform patient and clinician experience in radiology practice and novel therapy delivery .

8

9/6/2023

Partner

United States

Mass Gen Brigham and GE HealthCare Collaboration Announces AI Algorithm, Radiology Operations Module (ROM), to Optimize Scheduling and Productivity

The first innovative AI application from the collaboration is the schedule predictions dashboard of Radiology , a digital imaging tool that helps optimize scheduling , reduce cost , and free providers from administrative burden , allowing more time for the clinician-patient relationship , according to a statement issued today by GE HealthCare , which added that Radiology is commercially available to healthcare institutions .

1

9/6/2023

Partner

United States

GE HealthCare, Mass General Brigham partner to create AI algorithm for improving radiology operations

GE HealthCare has partnered with Mass General Brigham to co-develop a new artificial intelligence algorithm for improving imaging throughput , the two announced Wednesday .

3

9/1/2023

Vendor

United States

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10

8/22/2023

Vendor

United States

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10

Date

9/14/2023

9/6/2023

9/6/2023

9/1/2023

8/22/2023

Type

Partner

Partner

Partner

Vendor

Vendor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Mayo Clinic, GE HealthCare Ink Medical Imaging & Theranostics Deal

Mayo Clinic and GE HealthCare began a strategic healthcare partnership for R&D programs that plan to transform patient and clinician experience in radiology practice and novel therapy delivery .

Mass Gen Brigham and GE HealthCare Collaboration Announces AI Algorithm, Radiology Operations Module (ROM), to Optimize Scheduling and Productivity

The first innovative AI application from the collaboration is the schedule predictions dashboard of Radiology , a digital imaging tool that helps optimize scheduling , reduce cost , and free providers from administrative burden , allowing more time for the clinician-patient relationship , according to a statement issued today by GE HealthCare , which added that Radiology is commercially available to healthcare institutions .

GE HealthCare, Mass General Brigham partner to create AI algorithm for improving radiology operations

GE HealthCare has partnered with Mass General Brigham to co-develop a new artificial intelligence algorithm for improving imaging throughput , the two announced Wednesday .

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Sources

8

1

3

10

10

GE Healthcare Team

163 Team Members

GE Healthcare has 163 team members, including current Founder, Chief Executive Officer, Peter J Arduini.

Name

Work History

Title

Status

Peter J Arduini

Founder, Chief Executive Officer

Current

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Name

Peter J Arduini

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Work History

Title

Founder, Chief Executive Officer

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Status

Current

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