GE HealthCare, has announced an agreement to acquire Intelerad, a leading provider of medical imaging software, for $2.3 billion in cash. This acquisition underscores GE HealthCare’s ongoing focus on cloud-enabled and AI-powered healthcare solutions and supports its goal of tripling its portfolio of cloud-based products by 2028. Intelerad is recognized for its advanced medical imaging software and digital workflow solutions with a strong presence in outpatient and ambulatory care settings. Its cloud-first platform, designed for radiology and cardiology, complements GE HealthCare’s existing hospital-based imaging capabilities. The combination of GE HealthCare and Intelerad will create a unified, cloud-first, and AI-enabled imaging solution that spans a variety of care settings, including large academic medical centers and growing outpatient networks.
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Peter Arduini, President and CEO of GE HealthCare, stated, “As hospital and outpatient providers face increasing patient volumes and imaging demand, there is a need to simplify and unify workflows. Acquiring Intelerad allows us to bring additional cloud-based and intelligent radiology and cardiology solutions to our portfolio, enabling care teams to work more efficiently, improve patient outcomes, and deliver precision care worldwide. This acquisition also positions us to accelerate growth in SaaS offerings and recurring revenue while evolving further into a comprehensive healthcare solutions provider.”
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Roland Rott, President and CEO of Imaging at GE HealthCare, added, “Intelerad is an ideal strategic partner and a pioneer in cloud-based imaging software. Combining GE HealthCare’s AI and medical device expertise with Intelerad’s cloud and imaging capabilities strengthens our ability to meet the changing needs of healthcare providers, streamline complex workflows, and drive digital innovation in the industry.”
Jordan Bazinsky, CEO of Intelerad, said, “Joining GE HealthCare opens a new chapter for our company. GE HealthCare’s global reach and strong relationships with healthcare decision-makers will accelerate the expansion of our connected imaging software. Together, we will advance digital innovation and deliver integrated AI-enabled solutions that empower healthcare organizations to overcome their most pressing challenges.”
This acquisition positions GE HealthCare and Intelerad to offer a comprehensive and cloud-enabled imaging ecosystem that improves workflow efficiency, enhances diagnostic accuracy, and expands access to AI-driven solutions across diverse healthcare environments.
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