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GE HealthCare operates under the full legal name GE Healthcare Technologies, Inc., yet it adopts a distinct stylized presentation for its brand identity. What is this stylized name?
Answer: True
The corporate entity, GE Healthcare Technologies, Inc., is officially registered. However, for branding and public-facing communications, the company consistently employs the stylized name 'GE HealthCare'.
GE HealthCare maintains its global headquarters within the iconic Empire State Building in New York City.
Answer: False
GE HealthCare's global headquarters is situated in Chicago, Illinois, specifically within the Heller International Building, not in New York City.
GE HealthCare is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol GEHC.
Answer: False
GE HealthCare is traded on the Nasdaq stock exchange under the ticker symbol GEHC. It is also a component of the Nasdaq-100 and the S&P 500 indices.
The corporate entity of GE HealthCare was formally established in 2023, immediately preceding its separation from General Electric.
Answer: False
The corporate entity of GE HealthCare was formed on May 16, 2022, and the spin-off from General Electric was completed on January 4, 2023.
H. Lawrence Culp Jr. holds the position of Chief Executive Officer (CEO) at GE HealthCare, while Peter Arduini serves as the chairman of the board.
Answer: False
Peter Arduini is the Chief Executive Officer (CEO) of GE HealthCare, and H. Lawrence Culp Jr. serves as the chairman.
GE HealthCare's corporate entity was established on May 16, 2022, with the spin-off from General Electric finalized on January 4, 2023.
Answer: True
The formation of GE HealthCare's corporate entity occurred on May 16, 2022, and the separation from General Electric was completed on January 4, 2023.
The Heller International Building in Chicago, Illinois, serves as the global headquarters for GE HealthCare.
Answer: True
GE HealthCare's global headquarters is located in Chicago, Illinois, within the Heller International Building.
What is the stylized name GE HealthCare uses for its brand, as opposed to its full legal name?
Answer: GE HealthCare
The company's full legal name is GE Healthcare Technologies, Inc., but it stylizes its brand as GE HealthCare.
In which U.S. city is GE HealthCare headquartered?
Answer: Chicago, Illinois
GE HealthCare's global headquarters is located in Chicago, Illinois.
On which stock exchange does GE HealthCare trade, and what is its ticker symbol?
Answer: Nasdaq: GEHC
GE HealthCare is listed on the Nasdaq stock exchange under the ticker symbol GEHC.
When was the spin-off of GE HealthCare from General Electric officially completed?
Answer: January 4, 2023
The spin-off of GE HealthCare from General Electric was finalized on January 4, 2023.
Who currently serves as the Chief Executive Officer (CEO) of GE HealthCare?
Answer: Peter Arduini
Peter Arduini holds the position of Chief Executive Officer (CEO) at GE HealthCare.
In the fiscal year 2024, GE HealthCare reported total assets valued at approximately $33.1 billion.
Answer: True
Financial reports for 2024 indicate that GE HealthCare's total assets were valued at approximately $33.1 billion.
GE HealthCare's global workforce comprised approximately 100,000 individuals in the year 2024.
Answer: False
In 2024, GE HealthCare employed approximately 53,000 individuals worldwide, not 100,000.
In the 2023 fiscal year, China accounted for 42% of GE HealthCare's total revenue, while the United States contributed 13%.
Answer: False
In 2023, the United States contributed 42% of GE HealthCare's revenue, while China contributed 13%.
In 2024, GE HealthCare's revenue from services was approximately $13 billion, while product revenue amounted to about $6.6 billion.
Answer: False
In 2024, GE HealthCare reported approximately $13 billion in product revenue and about $6.6 billion from services, reversing the figures stated.
GE HealthCare experienced a 10% revenue growth in 2024 compared to the preceding year.
Answer: False
GE HealthCare's revenue growth in 2024 was 2% compared to the previous year, not 10%.
What were GE HealthCare's reported total assets in 2024?
Answer: US$33.1 billion
In 2024, GE HealthCare reported total assets valued at approximately US$33.1 billion.
Approximately how many employees did GE HealthCare have worldwide in 2024?
Answer: 53,000
GE HealthCare employed approximately 53,000 individuals globally in 2024.
In 2023, what percentage of GE HealthCare's revenue came from the United States?
Answer: 42%
In 2023, the United States accounted for 42% of GE HealthCare's total revenue.
In 2024, what was the approximate revenue generated from services for GE HealthCare?
Answer: Approximately $6.6 billion
In 2024, GE HealthCare reported approximately $6.6 billion in revenue from services.
By what percentage did GE HealthCare's revenue grow in 2024 compared to the previous year?
Answer: 2%
GE HealthCare's revenue experienced a 2% growth in 2024 relative to the prior year.
GE HealthCare's primary operational focus is within the aerospace industry, with a secondary emphasis on energy sector technologies.
Answer: False
GE HealthCare operates within the healthcare technology industry, focusing on medical devices and solutions, not aerospace or energy.
GE HealthCare's operational structure is organized into four primary divisions: Medical Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
Answer: True
The company's business is segmented into these four key areas: Medical Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
The Pharmaceutical Diagnostics division is responsible for the manufacturing of computed tomography (CT) scanners and magnetic resonance (MR) systems.
Answer: False
The Pharmaceutical Diagnostics division focuses on contrast agents and radiopharmaceuticals. CT and MR systems fall under the Medical Imaging division.
GE HealthCare's primary customer base consists of individual patients seeking direct diagnostic services.
Answer: False
GE HealthCare's primary customers are healthcare institutions, such as hospitals and health networks, rather than individual patients.
GE HealthCare maintains operations in approximately 50 countries, with major regional hubs exclusively in North America and Europe.
Answer: False
GE HealthCare operates in over 100 countries and has major regional operations beyond North America and Europe, including locations in Asia and other global centers.
GE HealthCare's largest research and development center is situated in Bangalore, India, and its construction cost was $50 million.
Answer: True
The company's principal research and development facility is located in Bangalore, India, and was established at a cost of $50 million.
Approximately one-third of GE HealthCare's computed tomography (CT) scanners are manufactured in China.
Answer: False
The source indicates that approximately two-thirds of GE HealthCare's CT scanners are produced in China, not one-third.
Which of the following is NOT one of the four main divisions of GE HealthCare?
Answer: Healthcare IT Solutions
The four main divisions of GE HealthCare are Medical Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics. Healthcare IT Solutions is not listed as a primary division.
Which division of GE HealthCare is responsible for manufacturing contrast agents and radiopharmaceuticals?
Answer: Pharmaceutical Diagnostics
The Pharmaceutical Diagnostics division is responsible for the manufacturing of contrast agents and radiopharmaceuticals.
Who are identified as the primary customers for GE HealthCare's products and services?
Answer: Hospitals and health networks
GE HealthCare's primary customer base consists of hospitals and health networks.
In how many countries does GE HealthCare operate?
Answer: Over 100
GE HealthCare operates in more than 100 countries worldwide.
What is the location of GE HealthCare's largest research and development center?
Answer: Bangalore, India
GE HealthCare's largest research and development center is located in Bangalore, India.
GE HealthCare's entry into the imaging technology sector occurred in 1920 through the acquisition of the Victor Electric Company.
Answer: True
The company's foundational step into imaging technology was marked by the acquisition of Victor Electric Company in 1920.
GE HealthCare established its inaugural joint venture in China, GE Hangwei Medical Systems, Co., Ltd., in the year 1991.
Answer: True
The company's initial joint venture in China, GE Hangwei Medical Systems, Co., Ltd., was launched in 1991.
The GE HealthCare manufacturing facility located in West Milwaukee, Wisconsin, is responsible for producing ultrasound machines and patient monitoring systems.
Answer: False
The West Milwaukee plant manufactures imaging tubes and detectors, not ultrasound machines or patient monitoring systems.
GE HealthCare's operational presence in the Milwaukee region commenced in 1947, capitalizing on the region's glass-blowing expertise derived from the beer-brewing industry for X-ray tube manufacturing.
Answer: True
The company's Milwaukee operations began in 1947, leveraging local glass-blowing skills from the brewing sector for the production of X-ray tubes.
In 2020, employees at GE HealthCare's North Aurora, Illinois facility voted to affiliate with the United Auto Workers (UAW) union.
Answer: False
The workers at the North Aurora plant voted to join the International Association of Machinists and Aerospace Workers (IAM), not the UAW.
The Victor Electric Company was established in 1893 in New York City, with Charles F. Edison listed as one of its founders.
Answer: False
Victor Electric Company was founded in 1893 in Chicago, Illinois, by Charles F. Samms and Julius B. Wantz, not Charles F. Edison in New York City.
General Electric acquired Victor Electric in 1920, rebranding it as VICTOR X-RAY CORPORATION, and it subsequently became the foremost manufacturer of X-ray tubes.
Answer: True
The acquisition of Victor Electric by General Electric in 1920 led to the formation of VICTOR X-RAY CORPORATION, which was indeed the leading producer of X-ray tubes at that time.
The Victor branding was officially discontinued in 1930, although advertisements continued to reference its legacy as 'formerly Victor X-Ray Corporation.'
Answer: True
By 1930, the Victor name was removed from branding, but its historical significance was often acknowledged in advertisements mentioning 'formerly Victor X-Ray Corporation'.
In 1951, the GE X-Ray Department was renamed the GE Medical Systems Department following the divestiture of its industrial X-ray business and an expansion into broader medical applications.
Answer: False
The GE X-Ray Department was renamed GE Medical Systems Department in 1961, not 1951, after divesting its industrial X-ray business and expanding its medical scope.
GE Healthcare's acquisition of Amersham plc in April 2004 significantly enhanced its standing within the pharmaceutical and diagnostics sector.
Answer: True
The acquisition of Amersham plc in April 2004 was a strategic move that substantially strengthened GE Healthcare's capabilities in pharmaceutical and diagnostic products.
GE HealthCare acquired Caption Health, a developer of artificial intelligence medical technology, for $150 million in February 2023.
Answer: True
Caption Health, an AI-focused medical technology firm, was acquired by GE HealthCare in February 2023 for $150 million.
The GE OEC facility in Salt Lake City was primarily dedicated to the production of diagnostic ultrasound equipment.
Answer: False
The GE OEC plant in Salt Lake City was responsible for manufacturing surgical imaging systems, not diagnostic ultrasound equipment.
Jack Welch presided over GE Medical Systems (GEMS) during a period characterized by significant decline in the 1970s and 1980s.
Answer: False
Jack Welch managed GE Medical Systems (GEMS) during a period of substantial growth and expansion in the 1970s and 1980s, not decline.
In 1983, GE Medical allocated nearly $1 billion towards the development of Magnetic Resonance Imaging (MRI) technology at a new plant in Waukesha, Wisconsin.
Answer: True
A significant investment of nearly $1 billion was made by GE Medical in 1983 for a Waukesha, Wisconsin facility dedicated to developing Magnetic Resonance Imaging (MRI) technology.
Following the 2003 acquisition of Instrumentarium, GE Healthcare was mandated by regulatory bodies to divest Instrumentarium's Ziehm Imaging mobile C-arm business, but not its Spacelabs patient-monitoring unit.
Answer: False
Regulatory bodies required GE Healthcare to divest both Instrumentarium's Ziehm Imaging mobile C-arm business and its Spacelabs patient-monitoring unit after the 2003 acquisition.
GE HealthCare's operations in the Milwaukee region commenced in 1947, driven by a need for glass-blowing talent from the beer-brewing industry for X-ray tube manufacturing.
Answer: True
The company's Milwaukee operations began in 1947, leveraging local glass-blowing skills from the brewing sector for the production of X-ray tubes.
In 1971, the department was reorganized as The Medical Systems Division, initiating a major expansion program with the Waukesha factory construction completed in 1973.
Answer: True
The department was upgraded to The Medical Systems Division in 1971, coinciding with the commencement of a major expansion program, including the Waukesha factory completed in 1973.
GE Healthcare acquired Marquette Medical Systems for $808 million in 1998, significantly enhancing its patient monitoring capabilities.
Answer: True
The acquisition of Marquette Medical Systems in 1998 for $808 million substantially augmented GE Healthcare's expertise and offerings in patient monitoring.
In March 2002, GE Healthcare acquired MedicaLogic, a company recognized for its electronic medical records system.
Answer: True
MedicaLogic, known for its electronic medical records solutions, was acquired by GE Healthcare in March 2002.
GE HealthCare entered the imaging technology business in 1920 by acquiring which company?
Answer: Victor Electric Company
GE HealthCare's initial foray into imaging technology in 1920 was through the acquisition of the Victor Electric Company.
Why did GE HealthCare's predecessor company move its operations to Milwaukee in 1947?
Answer: To leverage the glass-blowing talent from the beer-brewing industry for X-ray tube manufacturing.
The move to Milwaukee in 1947 was motivated by the need for skilled glass-blowers, available due to the region's prominent beer-brewing industry, essential for manufacturing X-ray tubes.
What was the initial business focus of the Victor Electric Company before entering the X-ray market?
Answer: Supplying the dental industry
Prior to its involvement in X-ray technology, the Victor Electric Company primarily focused on providing supplies for the dental industry.
The acquisition of which company in April 2004 significantly bolstered GE Healthcare's presence in contrast agents and radiopharmaceuticals?
Answer: Amersham plc
The acquisition of Amersham plc in April 2004 was pivotal in strengthening GE Healthcare's portfolio in contrast agents and radiopharmaceuticals.
In January 2006, GE Healthcare acquired IDX Systems Corporation for $1.2 billion. What was IDX Systems known for?
Answer: Clinical information systems and healthcare revenue management
IDX Systems Corporation, acquired by GE Healthcare in 2006, was a recognized leader in clinical information systems and healthcare revenue management solutions.
In February 2023, GE HealthCare acquired Caption Health. What type of company was Caption Health?
Answer: An artificial intelligence medical technology manufacturer
Caption Health, acquired by GE HealthCare in February 2023, was an artificial intelligence medical technology manufacturer.
Following the 2003 acquisition of Instrumentarium, which business unit was GE Healthcare required to divest by regulatory bodies?
Answer: Instrumentarium's Ziehm Imaging mobile C-arm business
Regulatory requirements following the Instrumentarium acquisition in 2003 mandated the divestiture of Instrumentarium's Ziehm Imaging mobile C-arm business.
What was the primary purpose of the $1 billion investment made by GE Medical in Waukesha, Wisconsin, in 1983?
Answer: To develop Magnetic Resonance Imaging (MRI) technology.
The substantial investment in 1983 was directed towards the development of Magnetic Resonance Imaging (MRI) technology at the Waukesha, Wisconsin facility.
In 2025, workers at GE HealthCare's North Aurora, Illinois plant voted to join which labor union?
Answer: International Association of Machinists and Aerospace Workers (IAM)
Workers at the North Aurora, Illinois plant voted in 2025 to join the International Association of Machinists and Aerospace Workers (IAM).
GE HealthCare introduced Magnetic Resonance Imaging (MRI) machines in the 1970s and Computed Tomography (CT) scanners in the 1980s.
Answer: False
GE HealthCare introduced Computed Tomography (CT) scanners in the 1970s and Magnetic Resonance Imaging (MRI) machines in the 1980s, reversing the decades mentioned.
The Omni Legend, a digital PET/CT scanner, was introduced by GE HealthCare in the year 2022.
Answer: True
GE HealthCare launched the Omni Legend, a digital PET/CT scanner, in 2022, signifying continued innovation in diagnostic imaging.
GE Healthcare utilizes a proprietary Linux distribution named HELiOS, developed in collaboration with Red Hat.
Answer: False
GE Healthcare uses the custom scientific Linux distribution HELiOS (Healthcare Enterprise Linux Operating System). While a partnership with SUSE was noted in 2020, the source does not indicate a partnership with Red Hat for its development.
A 2020 study indicated that GE HealthCare's Clariscan exhibited significantly less retention in rat organs compared to Dotarem.
Answer: False
The 2020 study revealed that Clariscan showed significantly greater retention in rat organs, such as the cerebrum and liver, compared to Dotarem.
In which decade did GE HealthCare introduce Computed Tomography (CT) scanners?
Answer: 1970s
GE HealthCare introduced Computed Tomography (CT) scanners during the 1970s.
What is the name of the custom scientific Linux distribution used by GE Healthcare on its machines?
Answer: HELiOS
GE Healthcare utilizes a custom scientific Linux distribution designated as HELiOS (Healthcare Enterprise Linux Operating System).
What did a 2020 study reveal about the retention of GE HealthCare's Clariscan compared to Dotarem in rats?
Answer: Clariscan showed significantly more retention in organs like the cerebrum and liver.
A 2020 study found that Clariscan exhibited greater retention in the cerebrum and liver of rats compared to Dotarem.
Siemens Healthineers is identified as a key competitor for GE HealthCare, whereas Fujifilm is not mentioned in this context.
Answer: False
The source material identifies both Siemens Healthineers and Fujifilm as major competitors for GE HealthCare in the medical imaging industry.
In January 2007, the U.S. Food and Drug Administration mandated additional training for users of GE OEC's surgical imaging systems due to quality control issues.
Answer: False
In January 2007, the U.S. Food and Drug Administration halted sales of GE OEC's surgical imaging systems due to potential patient risks, rather than mandating additional training.
Criticism concerning GE Healthcare's MRI contrast agent Omniscan emerged in 2009, subsequent to a lawsuit initiated by the company.
Answer: False
Criticism regarding Omniscan began much earlier, around 1994, with allegations of concealed risks. The 2009 event involved GE Healthcare suing a radiologist for defamation related to Omniscan.
A January 2016 report suggested that GE HealthCare's United Kingdom operations paid substantially more in taxes than they received in tax benefits over a twelve-year period.
Answer: False
The report indicated that GE HealthCare's UK operations received more in tax benefits than they paid in taxes over the specified period.
In 2011, GE Healthcare paid $30 million to resolve allegations that its acquired entity, Amersham Health, had overbilled the U.S. government for the product Myoview.
Answer: True
GE Healthcare settled allegations of overbilling the U.S. government for $30 million in 2011, related to the product Myoview supplied by its subsidiary Amersham Health.
In October 2017, GE HealthCare's cloud-based imaging system for the East Midlands Radiology Consortium functioned flawlessly, without any reported issues.
Answer: False
Reports from October 2017 indicated that the cloud-based imaging system failed, necessitating the physical transport of medical images between hospitals.
Which of the following is identified as a major competitor for GE HealthCare in the medical imaging industry?
Answer: Siemens Healthineers
Siemens Healthineers is explicitly mentioned as a major competitor for GE HealthCare within the medical imaging sector.
What action did the U.S. Food and Drug Administration take in January 2007 concerning GE OEC's surgical imaging systems?
Answer: Halted sales due to potential patient risks
The U.S. Food and Drug Administration halted sales of GE OEC's surgical imaging systems in January 2007 due to concerns regarding potential risks to patients.
Criticism surrounding GE Healthcare's MRI contrast agent Omniscan, starting in 1994, involved allegations of:
Answer: Attempts to conceal risks associated with the agent
Allegations surrounding Omniscan, beginning around 1994, included claims that GE Healthcare attempted to conceal risks associated with the contrast agent.
According to a January 2016 report, what was the finding regarding GE HealthCare's tax payments in the United Kingdom relative to tax benefits received?
Answer: It received more in tax benefits than it paid in taxes.
A January 2016 report indicated that GE HealthCare's UK operations received more in tax benefits than they paid in taxes over a twelve-year span.
In 2011, GE Healthcare settled allegations of overbilling the U.S. government for $30 million. Which acquired company and product were involved?
Answer: Amersham Health for its product Myoview
The settlement involved Amersham Health, an acquired company, and its product Myoview, related to allegations of overbilling the U.S. government.