GEHC Filings — GE Healthcare Technologies Inc. - FilingSpy
GEHC
GE Healthcare Technologies Inc.
A maker of medical imaging machines and hospital equipment, GE HealthCare produces CT, MR, X-ray and ultrasound scanners along with monitoring and anesthesia gear, plus the contrast media and radiopharmaceuticals used during scans. It became its own company in January 2023, when General Electric—born of the 1892 merger of Thomas Edison's and Thomson-Houston's electric firms—spun it off. Its imaging roots date to 1920, when GE bought the Victor Electric Company, an X-ray apparatus maker.
GE HealthCare appoints William K. Grogan as CFO, effective September 14, 2026.
George A. Newcomb will step down as interim CFO on that date but remain Controller and Chief Accounting Officer.
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William K. Grogan, formerly EVP and CFO of Xylem Inc., will become GE HealthCare's CFO on September 14, 2026.
Grogan's compensation includes a $900,000 base salary, 100% target bonus, $3.3 million annual LTI target, and a $550,000 cash sign-on payment.
He will receive a one-time sign-on equity award of $4,000,000 in RSUs vesting over two years, plus a 2026 annual LTI award of $3,300,000.
Grogan succeeds Jay Saccaro, who previously stepped down for an expanded role outside the medical technology industry.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
GE HealthCare reports Q2 2026 revenue of $5.3B, up 5.7%, and reaffirms full-year guidance
Second quarter 2026 revenues were $5.3 billion, up 5.7% year-over-year, with organic revenue growth of 3.5%.
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Net income attributable to GE HealthCare was $561 million, up from $486 million in the prior-year quarter; diluted EPS was $1.24, up from $1.06.
Adjusted EBIT was $750 million, up from $729 million; Adjusted EBIT margin was 14.2%, down 40 basis points year-over-year.
Record organic orders growth of 11.1%, book-to-bill of 1.15 times, and backlog of $23.9 billion.
Company reaffirmed full-year 2026 guidance: organic revenue growth of 3.0% to 4.0%, Adjusted EPS of $4.80 to $5.00, and free cash flow of approximately $1.6 billion.
Patient Care Solutions segment revenue declined 13.3% organically; management is reviewing strategic options for the business.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
GE HealthCare recasts segment financials after combining Imaging and AVS into AIS
GE HealthCare Technologies Inc. filed an 8-K on July 29, 2026, to provide recast unaudited historical financial information.
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In Q2 2026, the company combined its Imaging and Advanced Visualization Solutions businesses into a new reportable segment, Advanced Imaging Solutions (AIS).
The company now has three reportable segments: AIS, Pharmaceutical Diagnostics (PDx), and Patient Care Solutions (PCS).
The recast financials are provided for comparability and do not affect previously reported financial statements.
The filing was made under Item 7.01 Regulation FD Disclosure and Item 9.01 Financial Statements and Exhibits.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
GE HealthCare CFO Jay Saccaro to resign; George Newcomb named interim CFO
James K. (Jay) Saccaro notified GE HealthCare on July 21, 2026, that he will resign as CFO for a role outside the medical technology industry, with his last day on August 14, 2026.
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On July 23, 2026, GE HealthCare named George Newcomb, Controller and Chief Accounting Officer, as interim CFO, effective August 14, 2026; he will continue in his current roles.
No changes to Mr. Newcomb's compensation arrangements were made in connection with his appointment as interim CFO.
GE HealthCare has commenced a search for a permanent CFO successor.
The company also issued preliminary Q2 2026 results, including revenue growth of 5.7% and organic revenue growth of 3.5% year-over-year, and reaffirmed full-year 2026 guidance.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
GE HealthCare shareholders elect eight directors and approve executive pay at 2026 annual meeting
Shareholders approved, on an advisory basis, the compensation of named executive officers, with 351,099,781 votes for and 12,973,200 against.
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At the May 7, 2026 annual meeting, shareholders elected eight directors to one-year terms, with each nominee receiving a majority of votes cast.
Shareholders ratified the appointment of Deloitte & Touche LLP as independent auditor for fiscal year 2026, with 398,257,878 votes for.
The Board appointed Rodney F. Hochman as independent lead director and Anne T. Madden as chairperson of the Nominating and Governance Committee, effective May 7, 2026.
The report was filed under Item 5.07 to disclose voting results and Item 8.01 to disclose the board appointments.
5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events
GE HealthCare reports Q1 2026 revenue of $5.1B, up 7.4%, and reduces full-year profit outlook.
First quarter 2026 revenues were $5.1 billion, up 7.4% year-over-year, with organic revenue growth of 2.9%.
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Net income attributable to GE HealthCare was $389 million, down from $564 million in the prior year; diluted EPS was $0.85, down from $1.23.
Adjusted EBIT was $691 million, down from $715 million; Adjusted EBIT margin was 13.5%, down 150 basis points year-over-year.
Full-year 2026 guidance: organic revenue growth of 3.0% to 4.0% (unchanged), Adjusted EBIT margin of 15.4% to 15.7% (reduced from 15.8% to 16.1%), Adjusted EPS of $4.80 to $5.00 (reduced from $4.95 to $5.15), and Free cash flow of approximately $1.6 billion (reduced from approximately $1.7 billion).
The company closed the acquisition of Intelerad for $2.3 billion and repurchased 1.4 million shares for $100 million in the quarter.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
GE HealthCare appoints Kevin A. Lobo to its Board of Directors, effective March 13, 2026.
Mr. Lobo's term expires at the 2026 Annual Meeting of Stockholders, and he joined the Talent, Culture, and Compensation Committee.
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Kevin A. Lobo, Chair and CEO of Stryker Corporation, was appointed to the GE HealthCare Board of Directors effective March 13, 2026.
He will receive compensation under the company's non-employee director program and will enter into an indemnification agreement.
Directors Risa Lavizzo-Mourey and Tomislav Mihaljevic will not stand for re-election at the 2026 Annual Meeting due to other commitments, with no disagreement with the company.
A press release announcing the appointment was issued on March 17, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
On February 26, 2026, GE HealthCare Technologies Inc. entered into a new 364-day senior unsecured revolving credit facility with an aggregate committed amount of $0.5 billion.
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The new credit agreement, with JPMorgan Chase Bank as administrative agent, matures on February 25, 2027.
The prior 364-day revolving credit agreement dated March 27, 2025, also for $0.5 billion, was terminated without penalty on February 26, 2026.
Interest rates on borrowings are based on SOFR, EURIBOR, or SONIA plus an applicable margin determined by the Company's senior unsecured long-term debt ratings.
The agreement includes customary covenants, including limits on liens, fundamental changes, leverage ratio, and subsidiary indebtedness, as well as customary events of default.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits