GE Healthcare is announcing its intent to acquire icometrix, a company focused on providing AI-powered brain imaging analysis for neurological disorders such as Alzheimer’s disease.
Chicago-based GE HealthCare said the anticipated acquisition aligns with its portfolio of offerings in neurological care and its quantitative analysis of brain MRI.
Founded in 2011, and based in Leuven, Belgium, icometrix provides AI-powered brain imaging analysis through its icobrain platform, offering clinicians valuable insights into neurological disorders. icobrain extracts key data from brain MRI scans, facilitating more accurate diagnoses and personalized treatment plans across hospitals globally.
“Along with our commitment to pushing the barriers of neuroscience research with our innovative MRI technology, we’re dedicated to strengthening our neurology portfolio and our MR imaging capabilities to provide advanced solutions to clinicians providing more precise care for patients both now and in the future,” said Kelly Londy, President & CEO, MR, GE HealthCare. “Our anticipated acquisition of icometrix and its icobrain solutions supports our goal to help clinicians deliver high-quality, timely care to meet this increased demand in MR technology.”
GE HealthCare said it intends to focus on expanding patient access to the icobrain aria solution on all vendor MRI systems through both commercial distribution and clinical integration. The icobrain aria solution identifies both forms of ARIA: ARIA-E and ARIA-H from MR scans and performs longitudinal analysis of ARIA occurrence over time. It provides radiologists with tools for monitoring Alzheimer’s patients receiving anti-amyloid therapies over the course of treatment, supporting both patient care and operational efficiency. “This effort marks a pivotal step in our journey to advance precision care in neurology,” said Roland Rott, President and CEO, Imaging at GE HealthCare. “By integrating icometrix’s AI-powered insights with our advanced imaging technologies, we aim to empower care teams with the clarity and confidence needed to navigate complex neurological conditions.”
Are more acquisitions on the horizon?
GE HealthCare hasn’t been shy about discussing the possibility of M&A. In July, during an earnings call, James Saccaro, VP and CFO, spoke about the company’s potential to become involved with more acquisitions.
“We're really excited about the M&A pipeline,” Saccaro said, according to a Seeking Alpha transcript of the earnings call. “There are a lot of interesting opportunities for us. And what I would say is there are a lot of acquisitions that make a ton of sense for us. The MIM acquisition is going extremely well, and it's a really nice add-on to the portfolio that we have in place.”
GE HealthCare’s CEO Peter Arduni spoke about the company’s willingness to engage in acquisitions during a presentation at the 23
rd
Annual Morgan Stanley Healthcare conference, according to a Seeking Alpha transcript.
During GE Healthcare’s presentation, Arduini noted, according to a Seeking Alpha transcript, that a “focus on tuck-ins” is what could be expected from the company “going forward.”