CHICAGO - GE HealthCare (NASDAQ:GEHC) announced today its agreement to acquire MIM Software, a renowned medical imaging software provider, marking a strategic move to enhance its precision care portfolio with advanced artificial intelligence (AI) and analytics capabilities. MIM Software specializes in AI-driven image analysis and workflow tools for various medical specialties, including oncology, neurology, and cardiology.
The acquisition is seen as a key step in GE HealthCare's strategy to integrate and innovate its digital solutions across care pathways, aiming to offer more precise and efficient patient care. MIM Software's technology is expected to complement GE HealthCare’s existing advanced visualization offerings, enabling AI-based segmentation, contouring, and dosimetry analysis throughout the patient treatment process.
Peter Arduini, President & CEO of GE HealthCare, emphasized the company's commitment to delivering integrated imaging systems and advanced digital workflows, which he believes will be significantly strengthened by the integration of MIM Software's innovative solutions. MIM Software's CEO, Andrew Nelson, expressed enthusiasm about joining GE HealthCare and the potential to develop integrated digital solutions to address complex healthcare needs.
The transaction, subject to customary closing conditions and regulatory approvals, is expected to be neutral to GE HealthCare's Adjusted EBIT in the first year and accretive thereafter. The financial details of the deal have not been disclosed, but GE HealthCare plans to fund the acquisition with cash on hand.
This move comes as healthcare providers increasingly rely on advanced imaging and digital solutions to inform and expedite treatment plans. GE HealthCare aims to support the broad practice of precision care across various disease states and imaging practices, which includes Theranostics in oncology and streamlined workflow solutions in radiation oncology.
Taha Kass-Hout, MD, MS, Chief Technology Officer of GE HealthCare, shared the company's vision for the future of healthcare, highlighting the potential for more personalized care through smart, AI-powered devices and the integration of data across care pathways.
MIM Software, founded in 2003 and based in Cleveland, Ohio, has established a global presence, with additional offices in China and Belgium. The acquisition is positioned as a significant moment in the evolution of GE HealthCare’s technology and capabilities.
The information in this article is based on a press release statement from GE HealthCare.
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