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The Wall Street Publication > Blog > Business > GE Pounces on Surging Healthcare Demand With Spinoff
Business

GE Pounces on Surging Healthcare Demand With Spinoff

Editorial Board Published November 16, 2021
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GE Pounces on Surging Healthcare Demand With Spinoff
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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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