GE HealthCare is now a 130-year-old startup. Today GE HealthCare completed its spinoff from parent company GE and began trading separately on the Nasdaq Stock Market (ticker: GEHC). The company, a leading manufacturer of advanced medical devices, pharmaceutical diagnostics, and other solutions critical to the future of medicine, has an urgent mission to create a world where healthcare has no limits. To achieve it, the company needs the freedom to invest and innovate, and that, said GE HealthCare President and CEO Peter Arduini, is best accomplished by going it alone.
When she was a little girl growing up in India, Dhanalakshmi Nagaraju wanted to know how things work. “I was always fascinated by cars and machines and by the science behind them,” she says. “I wanted to learn more.” Nagaraju went on to study engineering, and last year she landed a job as a manufacturing process engineer at a new Wipro GE factory making some of the latest medical imaging equipment. “It was a greenfield project, and there were a lot of things we had to learn quickly,” she says. “We had to build the plant, set up new production lines and hire and train workers.
In the 1970s, a team of researchers from the Massachusetts Institute of Technology traveled to Japan to figure out why that country’s automakers were delivering cars faster than their competitors in Detroit. Their search led them to Toyota and its Toyota Production System — a set of management principles focused on boosting safety, quality and efficiency, reducing waste and creating more value with fewer resources.