TA Associates

Money Moves

Former majority owner of Intelerad — exited via sale to GE HealthCare

GE HealthCare has spent more than $2.5 billion on imaging software acquisitions in the three years since becoming an independent company — and the largest piece just fell into place. On March 18, the company completed its $2.3 billion purchase of Intelerad, a Montreal-based firm whose cloud software manages roughly 80 billion medical images across 2,500 healthcare organizations. Intelerad's strength in outpatient clinics and ambulatory care fills a gap in GE HealthCare's portfolio, which has historically centered on hospital-based imaging hardware like MRI and CT scanners.

Updated Yesterday