Dear Investor,
GE released its third quarter 2021 results today, and I encourage you to read the full materials and listen to our earnings call at 8:00 AM ET.
Key highlights on GE’s financial performance this quarter:
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I hope this note finds you well. Here at GE, September was an important month for us. We concluded our annual strategy reviews with each business, complementing the quarterly operating reviews with a longer-term focus. I had the opportunity to participate in many of the review processes and came away impressed with our progress, leadership team, and the growth opportunities that lie ahead as we innovate for the future of flight, precision health, and energy transition.
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GE Investor Update: GE Acquires Surgical Visualization Leader BK Medical
I am delighted to share that today GE announced an agreement to acquire a leader in advanced surgical visualization, BK Medical, for $1.45 billion cash consideration. This acquisition will expand our current ultrasound platform in one of our best performing businesses. You can read more about the deal here.
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Healthcare
Sound Deal: GE Healthcare To Acquire Ultrasound Innovator BK Medical, Boost Its Precision Health Presence
Imagine a world where doctors tailor treatments to patients based on their medical histories, genetic makeup and other factors. It’s called precision health, and it’s the latest step in healthcare’s evolution.
The precision health movement, which is valued at tens of billions of dollars, is already afoot, and hospitals and healthcare companies are investing in tools and technologies to make it grow.
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performance
GE Investor Update: Recent progress & your questions answered
Dear Investor,
GE released its second quarter 2021 results today, and I encourage you to read the full materials and listen to our earnings call at 8:00 AM ET.
Key highlights on GE’s financial performance this quarter:
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As you may have seen, this morning we published our 2020 Sustainability Report highlighting our progress and long-term commitments towards building a world that works and a more sustainable future. As Larry mentioned, “Sustainability priorities are woven into all that we do, and this is right for business and the planet.”
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I hope your summer is off to a good start. In case you missed it, I wanted to share two important leadership changes and several other developments at GE from the last few weeks. We announced the appointment of Peter Arduini as president and CEO of GE Healthcare, effective January 3, 2022, who will succeed Kieran Murphy.
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Over the past two weeks, we’ve been busy here at GE. Our senior leadership team has been “on the road” participating in virtual investor conferences and meetings. In case you missed it, Larry presented in a fireside chat at Bernstein’s 37th Annual Strategic Decisions Conference.
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It’s been a busy few weeks following our 1Q’21 earnings call. In case you missed it, Carolina recently presented at the Goldman Sachs Industrials & Materials Conference, where she provided commentary on recent operating reviews at our businesses plus gave some color on our discontinued factoring programs.