DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Endroit courant :
>
> This Story

starstarstarstarstar (1)
Ouverture ou Registre to rate this News Story
Forward Printable StoryPrint Comment

 

 

Business Affairs Homepage

Israel grants $33 milion to GE, Medtronic, Change Healthcare to boost R&D Bringing high-quality jobs and biotech innovation to the country

ECRI to fill guidance void left by shutdown of NGC website Launching interim website with clinical practice guidelines this fall

Philips to oversee strategic revamping of German-based providers Upgrading and replacing equipment in two separate partnerships

Why Amazon’s winning the healthcare battle Analyzing the PillPack acquisition and other recent moves by the online retail giant

Bruker in deal to acquire JPK Instruments JPK makes microscopy instruments for biomolecular and cellular imaging

Medmo lets patients set price for radiology imaging tests A travel industry concept comes to healthcare

First radiology center opens in Zimbabwe capital to help curb shortage Currently 115 radiologists in country of 14 million people

Onkos Surgical and Insight Medical partner to bring augmented reality to tumor surgery Could this become the new standard of care?

Praxair in deal to sell European assets to Taiyo Nippon Sanso Move is dependent on the successful closing of the Praxair-Linde merger

Precision X-Ray and Faxitron Bioptics combine business assets Forming a new global leader in biological irradiation

Veritas closes $1 billion GE Healthcare software unit buy

par Thomas Dworetzky , Contributing Reporter
Private equity firm Veritas Capital and GE Healthcare have closed their $1 billion deal announced in April.

The buy was called “an exciting chapter” by Veritas Capital CEO and managing partner Ramzi Musallam in a statement.

Story Continues Below Advertisement

THE (LEADER) IN MEDICAL IMAGING TECHNOLOGY SINCE 1982. SALES-SERVICE-REPAIR

Special-Pricing Available on Medical Displays, Patient Monitors, Recorders, Printers, Media, Ultrasound Machines, and Cameras.This includes Top Brands such as SONY, BARCO, NDS, NEC, LG, EDAN, EIZO, ELO, FSN, PANASONIC, MITSUBISHI, OLYMPUS, & WIDE.



When the deal was announced in April, he had called the opportunities in the $9 billion healthcare tech market “tremendous.”

The deal follows a “corporate carve-out” pattern of prior Veritas investments in healthcare tech, including those in Truven Health Analytics and Verscend Technologies.

An affiliate of Veritas will run its newly acquired GE Healthcare Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) as a stand-alone company.

“We believe this platform is well-positioned in a dynamic market, and we are excited by the opportunity to unlock potential and grow as a stand-alone business,” said Jon Zimmerman, president, Value-Based Care Solutions at GE.

The healthcare tech space has been a major area of interest for Veritas.

“We are confident this business will thrive with a focused investment strategy under Veritas Capital,” GE Healthcare president and CEO Kieran Murphy said in a statement.

When the deal emerged in April, Zimmerman stressed that with Veritas Capital's “significant knowledge and expertise in the healthcare IT space, and by operating as a stand-alone business under Veritas’ ownership, we now have the opportunity to further revitalize our product portfolio and pursue complementary acquisitions,” adding that the move will allow additional support and resources to go toward “deepening our commitment and capabilities to help health care providers manage their financial, clinical, and employee workflows across the continuum of care.”

Beyond the IT assets, the entire GE Healthcare enterprise includes magnetic imaging, medical diagnostics and drug discovery.

The move is part of a dramatic time of restructuring for GE, including the spin off of GE Healthcare, announced in late June, as the final major deal designed to cut debt, simplify company structure, and raise cash. These have included spinning off its train manufacturing business and the $3.3 billion sale of its distributed power division.

Plans also call for selling off shares of its ownership in oil services company Baker Hughes over the next two to three years.

“We are aggressively driving forward as an aviation, power and renewable energy company – three highly complementary businesses poised for future growth. We will continue to improve our operations and balance sheet as we make GE simpler and stronger,” CEO John Flannery said at the time.

GE's heavy industry roots are in its core businesses of power, aviation and renewable energy, which rang up over half of 2017's total revenues mostly via sales of jet engines and power turbines.

The healthcare unit pulled in just 16 percent of companywide sales last year, adding up to $19.1 billion.

It has been a tough time for the venerable conglomerate, including about a loss of $100 billion in value due to its stock drop – and its removal from the Dow Jones Industrial Average.

Business Affairs Homepage


You Must Be Logged In To Post A Comment

Publicité
Développez la notoriété de votre marque
Enchères + Ventes Privées
Obtenir le meilleur prix
Acheter des équipement / pièces
Trouver le meilleur prix
Infos du jour
Lire Les dernières nouvelles
Annuaire
Consulter tous les utilisateurs DOTmed
Éthique concernant DOTmed
Voir notre programme d'éthique
L'or partie le programme de fournisseur
Recevoir des demandes PH
Programme de marchand de service d'or
Recevoir des demandes
Fournisseurs de soins de santé
Voir tous les outils des HCP (abréviation pour les professionnels de la santé)
Les travaux/Formation
Trouver / combler un poste
Parts Hunter +EasyPay
Obtenir des devis de pièces
Certification Récentes
Voir les utilisateurs récemment certifiés
Evaluation Récentes
Voir les utilisateurs récemment certifiés
Central de location
Louer de l’équipement à moindre prix
Vendre des équipements / pièces
Obtenir le maximum d'argent
Service le forum de techniciens
Trouver de l'aide et des conseils
Simple demande de propositions
Obtenir des devis pour des appareils
Expo Virtuelle
Trouver des services d'appareils
L'Access et l'utilisation de cet emplacement est sujet aux modalités et aux conditions du notre de nos MENTIONS LEGALES & DONNEES PERSONELLES
Propriété de et classe des propriétaires DOTmedà .com, inc. Copyright ©2001-2018 DOTmed.com, Inc.
TOUS DROITS RÉSERVÉS