Rumors swirl around GEC's intentions
Picker International parent General Electric Company continues to provide ample grist for the rumor mill of U.K. newspapers. An article in the Jan. 31 edition of The Sunday Times identified several medical imaging companies that the London
Picker International parent General Electric Company continues to provide ample grist for the rumor mill of U.K. newspapers. An article in the Jan. 31 edition of TheSunday Times identified several medical imaging companies that the London firm is said to be examining as acquisition candidates.
GEC is mulling the disposition of a $4.5 billion cash windfall the company will earn following the sale of its Marconi Electronics Systems defense business to British Aerospace. In an interview with The Observer on Jan. 24, GEC chairman George Simpson speculated that the company could buy the medical electronics divisions of either Siemens or Philips, a prospect that prompted denials from both firms (SCAN 2/3/99).
GEC was linked to three new prospective acquisition candidates in the Sunday Times article. One of those is a European PACS company, while another is a U.S. ultrasound firm. The third enterprise in which GEC is reportedly interested is a mid-level Japanese multimodality vendor. At least one of the three companies strongly denied that it would sell out to GEC, however.
Newsletter
Stay at the forefront of radiology with the Diagnostic Imaging newsletter, delivering the latest news, clinical insights, and imaging advancements for today’s radiologists.
FDA Expands Approval of MRI-Guided Ultrasound Treatment for Patients with Parkinson’s Disease
July 9th 2025For patients with advanced Parkinson’s disease, the expanded FDA approval of the Exablate Neuro platform allows for the use of MRI-guided focused ultrasound in performing staged bilateral pallidothalamic tractotomy.
