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GE Healthcare

Company Intelligence Report

GE Healthcare has expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery and biopharmaceutical manufacturing technologies. The company’s products are designed to predict and detect disease earlier, monitor its progress and inform physicians to assist them in tailoring treatment for patients. The company also manufactures, sells and services a range of medical equipment that helps provide a fast, non-invasive way for doctors to see broken bones, diagnose trauma cases in the emergency room, view the heart and its function, and identify early stages of cancers or brain disorders.

GE Healthcare’s product portfolio includes diagnostic imaging systems such as X-ray, digital mammography, computed tomography (CT), magnetic resonance (MR), positron emission tomography (PET), nuclear imaging and molecular imaging technologies. It also produces patient and resident monitoring, diagnostic cardiology, ultrasound, bone densitometry, anaesthesiology and oxygen therapy, and neonatal and critical care devices. Related services include equipment monitoring and repair, information technologies and customer productivity services. Medical diagnostics and life-sciences products include diagnostic imaging agents used in medical scanning procedures, drug discovery, biopharmaceutical manufacturing and purification, and tools for protein and cellular analysis for pharmaceutical and academic research, including a pipeline of precision molecular diagnostics in development for neurology, cardiology and oncology applications.

GE Healthcare’s products and services are sold in more than 100 worldwide to hospitals, medical facilities, pharmaceutical and biotechnology companies, and to the life science research market.

Based in Buckinghamshire in the UK and with its US headquarters located in Waukesha (near Milwaukee) Wisconsin, GE Healthcare is an industrial business unit of General Electric Company (GE). In the year ended 31st December 2011, GE Healthcare generated sales of US$18.1 billion, representing approximately 12% of GE's revenues.

GE is one of the largest and most diversified technology and financial services corporations in the world, employing more than 300,000 people worldwide. In addition to healthcare, it operates through five other principal business segments:

• Energy Infrastructure – Power plant products and services; gas, steam and aeroderivative turbines, generators, combined cycle systems, controls and related services; renewable energy solutions; water treatment services and equipment; and protection and control, communications, power sensing and power quality products and services.

• Aviation – Jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services.

• Transportation – Diesel electric locomotives, transit propulsion equipment, motorised wheels for off-highway vehicles, drill motors, marine and stationary power generation, railway signalling and office systems.

• Home & Business Solutions – Appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooker tops, dishwashers, washing machines and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, hybrid water heaters, lighting products, plant automation hardware, software and embedded computing systems.

• GE Capital – Primarily offers collateralised loans, leases and other financial services to customers, including manufacturers, distributors and end-users for a variety of equipment and major capital assets.

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The report was produced as part of Medical Device Companies Analysis (MDCA). For more information on MDCA, click here.