Becker's Healthcare February 7, 2024
GE HealthCare reported 7% revenue growth in 2023 but net income dropped in its first year as a publicly traded company after spinning out from GE.
“We’ve made significant strides, including investing over $1 billion in R&D for future growth, helping drive more than 40 innovations in 2023,” said Peter Arduini, GE HealthCare president and CEO. “We bolstered our market position with strategic acquisitions, while at the same time paying down $1 billion in debt, setting a solid foundation for continued growth. We’re confident heading into 2024 amid the backdrop of an improved capital equipment landscape.”
Revenue hit $19.6 billion for the full year, fueled by 5% year over year growth in the fourth quarter. The net income attributable to...
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