GE Pounces on Surging Healthcare Demand With Spinoff

GE Pounces on Surging Healthcare Demand With Spinoff

In spinning off its healthcare business, General Electric Co. is betting on the fast-growing diagnostic-imaging-equipment market, a sector facing disruption from artificial intelligence and growing competition from startups as well as established players.

GE Healthcare—which makes MRI, ultrasound and other healthcare equipment—will be spun off in early 2023, with GE planning to retain a 19.9% stake in the new firm. Already dominant in the sector, as a stand-alone it would be able to move faster and have more capital to scoop up companies and technologies, analysts said.

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Rachel Meadows

Rachel Meadows

Trending topics news writer who enjoys cooking, walking her dog and travel.

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