GE HealthCare (NASDAQ:GEHC) on Wednesday announced it would combine Imaging and Advanced Visualization Solutions (AVS) to create Advanced Imaging Solutions (AIS), a $14.6 billion segment.
GE HealthCare Combines Largest Segments
The combination brings together GE HealthCare’s two largest segments to create a more focused and connected end-to-end imaging ecosystem spanning diagnosis, intervention, and follow-up across disease states.
Q1 Earnings Miss
The healthcare solutions provider reported first-quarter adjusted earnings of 99 cents per share, missing the consensus of $1.05.
Sales jumped 7.4% year over year to $5.13 billion, surpassing the Wall Street estimate of $5.04 billion.
Total orders up 1.1% organically versus 10.3% growth in the year-ago period, book-to-bill of 1.07 times, and backlog of $21.8 billion.
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