GE HealthCare Provides Medium-Term Financial Targets at Investor Day Ahead of Its Planned Spin-Off as an Independent Company

GE (NYSE:GE) announced that GE HealthCare is hosting an Investor Day today in New York. The event begins at 8:00am Eastern Standard Time and can be viewed virtually here. The event will feature presentations from GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., GE HealthCare CEO Peter Arduini, GE HealthCare CFO Helmut Zodl, and other members of GE HealthCare’s leadership team, who will outline the business’ strategic priorities and financial framework in advance of its planned spin from GE in early January.

GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., said, “Today is a milestone moment for GE HealthCare as Peter and his team share their vision for this exceptional franchise. In this next chapter as a standalone company, GE HealthCare will be even better positioned to advance its mission of precision care, while driving growth, and margin expansion. I am extremely proud of the team and remain confident that GE HealthCare will continue to deliver innovative products and solutions for billions of people worldwide.”

GE HealthCare CEO Peter Arduini said, “Today we will outline our strategy for value creation as a more agile, profitable, and faster-growing business, further enabled by our transition to a standalone, public company. Our goal is to advance the future of healthcare as a global leader in delivering personalized care across the patient journey as we continue to deliver solutions that improve outcomes for patients and increase productivity for customers.”

Members of the GE HealthCare leadership team will discuss the significant opportunity ahead to drive growth and create value as a standalone company focused on healthcare. In addition, the team will share how the different business segments will draw on their leading portfolio of products and services to support its continuing profitability, including:

• Attractive positioning of GE HealthCare in a growing global market with personalized care and digitization at the core of its offerings and a strong reputation for service execution globally
• Leading businesses in Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics that provide a breadth of products across the continuum of patient care, from screening to diagnostics, to therapy and monitoring
• Increased focus and agility as a standalone company that will enable a step change in growth and solid Free cash flow* generation, enabling the business to purposefully reinvest in R&D

Financial Framework