CHICAGO--(BUSINESS WIRE)--Mar 31, 2025--
GE HealthCare Technologies Inc. (GE HealthCare or the Company) (Nasdaq: GEHC) has completed its acquisition of the remaining 50% stake in Nihon Medi-Physics Co., Ltd (NMP), from Sumitomo Chemical, giving it full ownership. As part of GE HealthCare, NMP can further build on its expertise in developing and manufacturing proprietary and in-licensed radiopharmaceuticals used in single photon emission computed tomography (SPECT) and positron emission tomography (PET) molecular imaging procedures to detect and diagnose disease.
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Kevin O’Neill, President & CEO of GE HealthCare’s Pharmaceutical Diagnostics (PDx) segment, who will also become President of NMP, said: “We are delighted to welcome Nihon Medi-Physics to GE HealthCare, increasing our existing footprint and offering in Japan, where our contrast media and medical devices are used every day to enable imaging procedures across the country. Japan is on a path to becoming a leader in the $7 billion molecular imaging global market 1 and a center of excellence for Asian markets. As part of GE HealthCare, NMP will play a key role in that journey, including bringing its deep expertise and scale to global innovators looking to bring next-generation radiopharmaceuticals to the Japan market and beyond.”
NMP’s product portfolio includes GE HealthCare radiopharmaceuticals used to enable molecular imaging across neurology, cardiology and oncology procedures. NMP, headquartered in Tokyo, was formed in 1973 and generated revenues of 28.2B JPY (~$183M) in 2023. GE HealthCare acquired Amersham plc in 2004, and subsequently held a 50% stake in NMP.
The Company expects this transaction to be neutral to Adjusted EPS 2 in year one and accretive thereafter.
GE HealthCare was advised by Solomon Partners Securities, LLC.
The intent to acquire the remaining 50% stake in NMP was announced in December 2024.
Forward-Looking Statements
This release contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as “will,” “expect,” “may,” “would,” “could,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “potential,” “position,” and similar expressions. These forward-looking statements may include, but are not limited to, statements about the transaction, the expected results of the transaction, future market conditions, and the Company’s performance, growth opportunities, and strategy. These forward-looking statements involve risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause the Company’s actual results to differ materially from those described in its forward-looking statements include, but are not limited to, the Company may be unable to achieve the anticipated benefits of the transaction; operating costs and business disruptions (including, without limitation, difficulties in maintaining relationships with employees, customers, and suppliers) may be greater than expected; and the Company may assume unexpected risks and liabilities. Other factors that may cause such a difference also include those discussed in the "Risk Factors" section of the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission and any updates or amendments it makes in future filings. There may be other factors not presently known to the Company or which it currently considers to be immaterial that could cause the Company’s actual results to differ materially from those projected in any forward-looking statements the Company makes. The Company does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.
About GE HealthCare Technologies Inc.
GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 125 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with approximately 51,000 colleagues working to create a world where healthcare has no limits.
GE HealthCare is proud to be among 2025 Fortune World’s Most Admired Companies™.
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1 GE HealthCare estimated global end markets as of December 2023, and estimated market CAGR 2024–2028.
2 Non-GAAP financial measure. See our earnings release dated February 13, 2025 for the definition of Adjusted EPS.
Nihon Medi-Physics headquarters and radiopharmaceutical imaging agents about to go through labelling and packing process.
DEIR AL BALAH, Gaza Strip (AP) — Overnight strikes by Israel killed at least 55 people across the Gaza Strip, hospital officials said Thursday, a day after senior government officials said Israel would seize large areas of Gaza and establish a new security corridor across the Palestinian territory.
Israel has vowed to escalate the nearly 18-month war with Hamas until the militant group returns dozens of remaining hostages, disarms and leaves the territory. Israel has imposed a month-long halt on all imports of food, fuel and humanitarian aid that has left civilians facing acute shortages as supplies dwindle.
Officials in Khan Younis, in the southern part of the strip, said the bodies of 14 people had been taken to Nasser Hospital – nine of them from the same family. The dead included five children and four women. The bodies of another 19 people, including five children aged between 1 and 7 years and a pregnant woman, were taken to the European hospital near Khan Younis, hospital officials said. In Gaza City, 21 bodies were taken to Ahli hospital, including those of seven children.
The Israeli military ordered the residents of several areas -- Shujaiya, Jadida, Turkomen and eastern Zeytoun -- to evacuate on Thursday, adding that the army “will work with extreme force in your area.” It said people should move to shelters west of Gaza City.
On Wednesday, Prime Minister Benjamin Netanyahu announced Israel was establishing a new security corridor across the Gaza Strip to pressure Hamas, suggesting it would cut off the southern city of Rafah, which Israel has ordered evacuated, from the rest of the Palestinian territory.
Netanyahu referred to the new axis as the Morag corridor, using the name of a Jewish settlement that once stood between Rafah and Khan Younis, suggesting it would run between the two southern cities. He said it would be “a second Philadelphi corridor ” referring to the Gaza side of the border with Egypt further south, which has been under Israeli control since last May.
Israel has reasserted control over the Netzarim corridor, also named for a former settlement, that cuts off the northern third of Gaza, including Gaza City, from the rest of the narrow coastal strip. Both of the existing corridors run from the Israeli border to the Mediterranean Sea.
“We are cutting up the strip, and we are increasing the pressure step by step, so that they will give us our hostages,” Netanyahu said.
The Western-backed Palestinian Authority, led by rivals of Hamas, expressed its “complete rejection” of the planned corridor. Its statement also called for Hamas to give up power in Gaza, where the militant group has faced rare protests recently.
Netanyahu’s announcement came after the defense minister, Israel Katz, said Israel would seize large areas of Gaza and add them to its so-called security zones, apparently referring to an existing buffer zone along Gaza’s entire perimeter. He called on Gaza residents to “expel Hamas and return all the hostages,” saying “this is the only way to end the war.”
Hamas has said it will only release the remaining 59 hostages — 24 of whom are believed to be alive — in exchange for the release of more Palestinian prisoners, a lasting ceasefire and an Israeli pullout. The group has rejected demands that it lay down its arms or leave the territory.
On Sunday, Netanyahu said Israel plans to maintain overall security control of Gaza after the war and implement U.S. President Donald Trump’s proposal to resettle much of its population elsewhere through what the Israeli leader referred to as “voluntary emigration.”
Palestinians have rejected the plan, viewing it as expulsion from their homeland after Israel’s offensive left much of it uninhabitable, and human rights experts say implementing the plan would likely violate international law.
The war began when Hamas-led militants attacked southern Israel on Oct. 7, 2023, killing around 1,200 people, mostly civilians, and taking 251 hostages, most of whom have since been released in ceasefire agreements and other deals. Israel rescued eight living hostages and has recovered dozens of bodies.
Israel’s offensive has killed more than 50,000 Palestinians, according to Gaza’s Health Ministry, which doesn’t say whether those killed are civilians or combatants. Israel says it has killed around 20,000 militants, without providing evidence.
The war has left vast areas of Gaza in ruins and at its height displaced around 90% of the population.
Separately, Israeli strikes killed at least nine people in southwestern Syria, Syrian state media reported Thursday.
SANA said the nine were civilians, without giving details. Britain-based war monitor The Syrian Observatory for Human Rights said they were local gunmen from the Daraa province, frustrated with Israeli military encroachment and attacks in recent months.
Israel has seized parts of southwestern Syria and created a buffer-zone there, which it says is to secure Israel’s safety from armed groups. But critics say the military operation has created tensions in Syria and prevents any long-term stability and reconstruction for the war-torn country.
Israel also struck five cities in Syria late Wednesday, including over a dozen strikes near a strategic airbase in the city of Hama.
Follow AP’s war coverage at https://apnews.com/hub/israel-hamas-war
Palestinians inspect a UN building after it was hit by an Israeli strike, in Jabaliya, northern Gaza Strip on Wednesday, April 2, 2025. (AP Photo/Jehad Alshrafi)
Palestinians inspect a UN building after it was hit by an Israeli strike, in Jabaliya, northern Gaza Strip on Wednesday, April 2, 2025. (AP Photo/Jehad Alshrafi)
