GE HealthCare confirmed it has completed its previously announced $2.3 billion acquisition of Intelerad, marking the completion of a transaction first disclosed in November. The Chicago-based company had outlined at the time that the Intelerad acquisition would be executed as an all-cash deal and aligned with its broader strategy to expand its portfolio of cloud-enabled products threefold by 2028.
Intelerad, known for its imaging software and digital enterprise workflow solutions, operates extensively across outpatient ambulatory care environments. Its portfolio includes cloud-first platforms tailored for both radiology and cardiology, supporting workflows across inpatient and outpatient settings. Through the Intelerad acquisition, GE HealthCare is positioning itself to deepen its footprint in specialized clinics and ambulatory care, while reinforcing its established capabilities in hospital-based imaging. The combined offering is expected to deliver a unified, cloud-first and AI-enabled imaging ecosystem aimed at lowering infrastructure costs and accelerating deployment timelines.
Following the close of the transaction, Intelerad will be integrated into GE HealthCare’s imaging business while continuing to serve enterprise imaging customers across the U.S., Canada, the UK and Oceania. GE HealthCare projects that Intelerad will generate approximately $270 million in revenue during the first full year under its ownership, with around 90% classified as recurring. The company also expects adjusted EBITDA margins to exceed 30%, alongside low-double-digit annual revenue growth, with further acceleration anticipated over time.
GE HealthCare indicated that the acquisition may have a slightly dilutive effect on adjusted EPS in the near term. However, it expects to counterbalance this through cost efficiencies and achieve a high-single-digit return on invested capital by year five.
Scott Miller, CEO, Solutions for Enterprise Imaging, GE HealthCare, said: Intelerad enhances our ability to deliver a cloud-first enterprise imaging platform at scale. Together, we are connecting imaging across care settings with interoperable, AI-enabled solutions that simplify operations, improve clinical insight, and help our customers deliver more precise, personalized care.
