GE HealthCare has announced an agreement to acquire Intelerad, a leading medical imaging software provider, for $2.3 billion in cash. This acquisition strengthens GE HealthCare’s commitment to delivering cloud-enabled and AI-powered solutions for healthcare providers across a variety of care settings.
The deal will create a fully connected, cloud-first imaging ecosystem that spans high-growth outpatient, ambulatory, teleradiology, and hospital environments. Intelerad’s cloud-first products, focused on radiology and cardiology, complement GE HealthCare’s hospital leadership and extend advanced imaging capabilities into outpatient networks globally.
“As hospital and ambulatory care providers face increased demand for imaging and rising patient volumes, they seek unified workflows,” said Peter Arduini, President and CEO of GE HealthCare. “Our acquisition of Intelerad will extend care teams’ efficiency and precision, accelerate SaaS and recurring revenues, and enable integrated cloud-AI solutions for patients worldwide.”
Intelerad’s SaaS business model and cloud-native software are expected to enable attractive returns for GE HealthCare, with approximately $270 million in first-year post-acquisition revenue—about 90% of which is recurring. Intelerad’s adjusted EBITDA margin exceeds 30%, and revenues are growing annually in the low double digits. GE HealthCare forecasts that this transaction will be immediately accretive to its revenue growth and margins, delivering a high single-digit return on invested capital by year five.
The acquisition is subject to customary closing conditions and regulatory approvals, with completion targeted for the first half of 2026. Once complete, major shareholders Hg Capital and TA Associates will fully exit their investment in Intelerad.
This move marks a major step in GE HealthCare’s strategy to triple its portfolio of cloud-enabled products by 2028, respond to procedure shifts toward outpatient imaging, and further accelerate digital innovation and AI adoption in healthcare. the first half of 2026.
