GE HealthCare to acquire Intelerad from Hg Capital and TA Associates for $2.3bn.

GE HealthCare, a global healthcare solutions provider, agreed to acquire Intelerad, a medical imaging software provider, from Hg Capital and TA Associates, two private equity firms, for $2.3bn. "As hospital and ambulatory care providers face increased demand for imaging and rising patient volumes, they are looking to simplify and unify their workflows. Our acquisition of Intelerad will bring additional cloud-enabled and intelligent solutions in radiology and cardiology into our portfolio of products and extend our capabilities into outpatient networks, enabling care teams to be more efficient, improve outcomes, and deliver precision care for patients globally. As a result, we expect to accelerate our growth in SaaS products and recurring revenues as we take another evolutionary step to grow into a healthcare solutions provider," Peter Arduini, GE HealthCare President and CEO.