GE HealthCare said it has entered into an agreement to acquire Intelerad, a medical imaging software provider for the healthcare industry, for $2.3 billion paid in cash.
The company said this acquisition will help it toward its goal of tripling its cloud-enabled product portfolio by 2028.
Intelerad is a medical imaging software and digital enterprise workflow solutions company with a presence in outpatient ambulatory care settings. Its cloud-first products are designed for radiology and cardiology and extend across both inpatient and outpatient care settings.
"As hospital and ambulatory care providers face increased demand for imaging and rising patient volumes, they are looking to simplify and unify their workflows," said GE HealthCare CEO Peter Arduini in a statement. "Our acquisition of Intelerad will bring additional cloud-enabled and intelligent solutions in radiology and cardiology into our portfolio of products and extend our capabilities into outpatient networks, enabling care teams to be more efficient, improve outcomes, and deliver precision care for patients globally. As a result, we expect to accelerate our growth in SaaS products and recurring revenues as we take another evolutionary step to grow into a healthcare solutions provider.”
“Joining GE HealthCare marks an exciting new chapter for Intelerad. GE HealthCare’s global scale and extensive relationships with key decision makers across hospital systems will fuel the expansion of our connected imaging software offering. Together, we look forward to advancing digital innovation in healthcare and delivering more integrated AI-enabled solutions that empower our customers to tackle their greatest challenges,” said Intelerad CEO Jordan Bazinsky in a statement.
