GE HealthCare announces intent to acquire icometrix to strengthen neurology portfolio with brain MRI assessment solutions
- The anticipated acquisition aligns with GE HealthCare’s precision care strategy with the goal of strengthening the company’s portfolio of offerings in neurological care and its quantitative analysis of brain MRI
- icometrix’s icobrain platform – a comprehensive set of solutions for neurological disease analysis – includes icobrain aria, the first AI Computer-Aided Detection and Diagnosis FDA 510(k) cleared solution for detecting known side effects of amyloid targeting therapies used to treat Alzheimer’s disease
To complement its MR-guided AI-assisted scanning expertise with analysis and reporting in neurological disease assessment,
According to Alzheimer’s Association, studies predict that the number of adults living with Alzheimer’s disease will double by 20501. With approvals of new anti-amyloid therapies continuing to increase globally to treat the disease, the demand for more frequent neurological MRI exams also continues to grow. MRI technology is utilized to assess treatment eligibility and monitor potential side effects (brain swelling and microbleeds) of amyloid targeting therapies.
“This effort marks a pivotal step in our journey to advance precision care in neurology,” said
The planned acquisition of icometrix aligns with GE HealthCare’s precision care strategy and is expected to strengthen the company’s clinical decision support applications for timely diagnosis and monitoring throughout the neuro treatment pathways by offering enhanced patient access to the technology. The company’s current neuro solutions portfolio, including MR and PET scanners, pharmaceutical diagnostics and
“Along with our commitment to pushing the barriers of neuroscience research with our innovative MRI technology, we’re dedicated to strengthening our neurology portfolio and our MR imaging capabilities to provide advanced solutions to clinicians providing more precise care for patients both now and in the future,” said
The icometrix suite of solutions includes tools that assist radiologists and neurologists with comparing and quantifying brain MR scans over time for disorders ranging from multiple sclerosis, dementia, epilepsy, stroke and traumatic brain injury, among others. This product suite also features a strong pipeline of clinical decision support applications in development to improve neurological care in the future.
“Building on our existing relationship, we are excited by the prospect of joining
Founded in 2011, and based in Leuven,
The consummation of the transaction is subject to customary closing conditions, including regulatory approvals. Financial details of the transaction have not been disclosed publicly.
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,” “forecast,” “target,” “guidance,” “outlook,” and similar expressions. These forward-looking statements may include, but are not limited to, statements about the transaction, the completion and expected results of the transaction, and GE HealthCare Technologies Inc.’s (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 conditions to the completion of the transaction may not be satisfied; closing of the transaction may not occur or may be delayed; 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; the Company may assume unexpected risks and liabilities; and completing the transaction may distract the Company’s management from other important matters. 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
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1 Alzheimer’s Association, 2024.
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