GE HealthCare to Acquire Intelerad for $2.3 Bn to scale Cloud Imaging Solutions

The transaction will integrate Intelerad’s solutions with GE HealthCare’s AI and imaging devices, aiming to create a more seamless, cloud-native imaging workflow.

Chicago-based medtech company GE HealthCare has announced a definitive agreement to acquire Intelerad, a Montreal-based provider of medical imaging software, for $2.3 billion in cash.

The transaction aimed at accelerating GE HealthCare’s transition into a cloud-first, software-as-a-service (SaaS) model, extending its imaging capabilities beyond hospitals into outpatient, ambulatory, and teleradiology settings.

The transaction will integrate Intelerad’s solutions with GE HealthCare’s AI and imaging devices, aiming to create a more seamless, cloud-native imaging workflow.

Reflecting his thoughts, Peter Arduini, President and CEO, GE HealthCare, said, “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.”

He further added, “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.”

Founded in 1999 in Montreal, Intelerad is a medical imaging software company operating in Canada and the U.S. The platform offers diagnostic viewing, reporting, archiving, collaboration tools, cloud-based PACS, AI-driven workflow orchestration, and enterprise image-sharing solutions for ambulatory and acute care across multiple specialties.

Currently, the platform is used by more than 1,500 healthcare organizations worldwide to support imaging workflows and data management.

Commenting on the transaction, Intelerad CEO Jordan Bazinsky said, “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.”

Reportedly, the acquisition is expected to generate approximately $270 million in first-year revenue, with a high share of recurring income and strong margins, and is anticipated to support growth and enhance operational performance post-integration.

Stay tuned for more such updates on Digital Health News