GE Healthcare - M&A Summary and Business Overview

Medical ProductsCompany

GE Healthcare M&A Summary

GE Healthcare has acquired 32 companies, including 6 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 11 assets.

GE Healthcare’s largest acquisition to date was in 2021, when it acquired BK Medical Holding Company for $1.5B. It’s largest disclosed sale occurred in 2018, when it sold Virence Health Technologies to Veritas Capital for $1.1B. GE Healthcare has acquired in 12 different US states, and 6 countries. The Company’s most targeted sectors include medical products (40%) and healthcare services (20%).

GE Healthcare Business Overview

Where is GE Healthcare headquartered?

GE Healthcare is headquartered in Westborough, Massachusetts.

What sector is GE Healthcare in?

GE Healthcare is a medical products company.

When was GE Healthcare founded?

GE Healthcare was founded in 1994.

M&A Summary

  • M&A Total Activity41
    • M&A Buy Activity30
    • M&A Sell Activity11
  • Total Sectors Invested 6
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 19
  • M&A Advisors 4

GE Healthcare

14 Walkup Drive,
Westborough, Massachusetts 01581
United States,
(508) 475-2000
www.gehealthcare.com

GE Healthcare, a unit of General Electric Company is a provider of medical technologies and services. GE Healthcare has expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance improvement, life sciences, drug discovery, and biopharmaceutical manufacturing technologies. GE Healthcare is based in Westborough, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 24 1 2 - 2 1 30
vol $4.7B $1.5B $6.1B
Sell (0.4/yr) # 9 1 1 - - - 11
vol $3.0B $3.0B
  41

Most Recent M&A

Company Date Value Type
MIM Software, Inc. 2024-01-08 - Add-on Acquisition
Cleveland, Ohio · www.mimsoftware.com
Caption Health, Inc. 2023-02-09 - Add-on Acquisition
San Mateo, California · www.captionhealth.com
Imactis SAS 2023-01-10 - Add-on Acquisition
Saint Martin d’Hères, France · www.imactis.com
Dynamic Imaging Systems, Inc. 2021-11-29 - Divestiture
Mt. Laurel, New Jersey · www.dynamicimaging.com
BK Medical Holding Company, Inc. 2021-09-23 1.5B USD Divestiture
Peabody, Massachusetts · www.bkmedical.com
Zionexa 2021-05-06 - Add-on Acquisition
Fishers, Indiana · www.zionexa.com
Prismatic Sensors AB 2020-11-20 - Add-on Acquisition
Stockholm, Sweden · www.prismatic.se
GE Healthcare’s U.S. Radiopharmacy Network 2020-09-01 - Divestiture
Westborough, Massachusetts
Centricity Contingent Staffing 2018-07-11 1.1B USD Divestiture
Hartford, Wisconsin · www.apihealthcare.com
Virence Health Technologies 2018-04-02 1.1B USD Divestiture
Westborough, Massachusetts · www.virencehealth.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Caradigm USA LLC    - Caradigm USA LLC - Identity & Access Management Business 2017-10-24 1
Bellevue, Washington · www.caradigm.com Bellevue, Washington
Unisyn Medical Technologies, Inc. 2013-05-29 2013-05-29 1
Golden, Colorado · www.unisynmedical.com ,

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 12 (40%) 1.4B (23%) 5 (45%) 667M (22%)
Information Technology 4 (13%) 2.7B (43%) 4 (36%) 1.1B (35%)
Healthcare Services 6 (20%) 587M (10%) 1 (9%) 275M (9%)
Life Science 5 (17%) 1.5B (24%) - -
Software 2 (7%) - 1 (9%) 1.1B (35%)
Test/Measurement Equipment 1 (3%) - - -
Total 30 $6.1B 11 $3.0B

By Geo

State/Country Buy Value Sell Value
United States 22 5.2B 10 3.0B
  New Jersey 3 860M 3 500M
  California 4 587M 1 275M
  Massachusetts 3 1.5B 2 1.1B
  Washington 2 - - -
  Florida 2 - - -
  Wisconsin 1 - 1 1.1B
  Pennsylvania - - 2 167M
  Vermont 1 1.2B - -
  Ohio 1 - - -
  New York 1 - - -
  Indiana 1 - - -
  Colorado 1 - - -
  Connecticut - - 1 -
Sweden 2 390M 1 -
United Kingdom 3 559M - -
Canada 1 - - -
  Quebec 1 - - -
France 1 - - -
Switzerland 1 - - -
Domestic 22 (73%) 5.2B (84%) 10 (91%) 3.0B (100%)
Cross-border 8 (27%) 949M (16%) 1 (9%) -
Total 30 $6.1B 11 $3.0B

Top M&A Advisors

Financial Deals
Keval Health LLC
2
Morgan Stanley
2
Moelis & Co.
1
Legal Deals
Paul Hastings
1

Deal Values

buy # Total
> $1B 3 $3.7B
$100M to $1B 4 $2.4B
TOTAL $6.1B
Largest BK Medical Holding Company, Inc.
$1.5B (2021-09-23)
sell # Total
> $1B 2 $2.1B
$100M to $1B 3 $942M
TOTAL $3.0B
Largest Virence Health Technologies
$1.1B (2018-04-02)

M&A Connections

Deals
Acquired from
Investor(s)
30%
9 (30%)
Strategic(s)
3%
1 (3%)
Divested to
Investor(s)
36%
4 (36%)
Strategic(s)
64%
7 (64%)

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