GE HealthCare has announced it will acquire Intelerad, a Canada-based imaging software developer, for $2.3 billion (€2 billion) in cash. The acquisition enhances GE HealthCare’s cloud-first diagnostic ecosystem, linking hospital imaging systems with outpatient, teleradiology, and ambulatory services.

Intelerad specialises in radiology and cardiology imaging software, supporting clinical trials and outpatient workflows. Its platform complements GE HealthCare’s in-hospital imaging operations and accelerates the company’s expansion into software-as-a-service (SaaS) offerings. GE HealthCare expects Intelerad to generate approximately $270 million (€234 million) in its first year, with around 90% from recurring sales across more than 1,500 healthcare organisations managing over 8 billion medical images annually.

The deal will allow GE HealthCare to unify imaging workflows, simplify complex operational processes, and expand cloud-enabled diagnostic solutions. By 2028, the company aims to triple its portfolio of cloud-based products, creating opportunities to integrate artificial intelligence programs to support radiology and cardiology practices.

Peter Arduini, GE HealthCare President and CEO, noted the acquisition will help providers manage rising patient volumes and streamline imaging operations, while Roland Rott, GE HealthCare’s imaging chief, highlighted the combination of global scale and enterprise cloud expertise to advance digital innovation.

Intelerad CEO Jordan Bazinsky stated the partnership positions both companies to deliver AI-enabled imaging solutions, enhancing provider capabilities and supporting a growing outpatient enterprise imaging market, currently valued at an estimated $2 billion (€1.7 billion).

The transaction is expected to close in the first half of 2026. Intelerad’s majority shareholder Hg Capital, alongside minority investors TA Associates and Ardan Equity, will fully exit their holdings as part of the deal.

Discover how GE HealthCare’s acquisition of Intelerad is reshaping digital imaging and workflow efficiency in healthcare in the full story.