AcquisitionsApr 29, 2026, 06:32 AM
GEHC Acquires Intelerad for $2.3B; Q1 Revenue +7.4% to $5.1B; EPS $0.85
AI Summary
GE HealthCare Technologies Inc. acquired Intelerad for approximately $2.297 billion in cash, enhancing its Imaging segment with medical imaging software and digital workflow solutions. For Q1 2026, the company reported total revenues of $5.131 billion, a 7.4% increase year-over-year, but net income attributable to GE HealthCare decreased by 31.0% to $389 million, resulting in diluted EPS of $0.85. The decrease in net income was impacted by higher operating expenses and acquisition-related costs, despite improved cash from operating activities.
Key Highlights
- GEHC acquired Intelerad for $2.297B cash, adding medical imaging software to its Imaging segment.
- Total revenues increased 7.4% to $5.131B in Q1 2026 from $4.777B in Q1 2025.
- Net income attributable to GE HealthCare decreased 31.0% to $389M from $564M YoY.
- Diluted EPS was $0.85 in Q1 2026, down from $1.23 in Q1 2025.
- Cash from operating activities rose 16.0% to $290M from $250M YoY.
- PDx segment revenue grew 21.8% to $770M; PCS revenue declined 6.5% to $704M.
- Long-term borrowings increased to $10.127B as of March 31, 2026, from $9.495B.
- Cash, cash equivalents, and restricted cash decreased to $2.285B from $4.512B.