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Ge Oec Medical Systems Inc history
Ge Oec Medical Systems Inc company history timeline
The company began its healthcare innovations with the development of x-rays. “A 50,000,000-volt biased betatron producing high-energy x-rays is expected to have value in cancer research,” it says in the GE 1948 report.
In 1975, the company’s report was proud to announce that General Electric was the worldwide leader in diagnostic imaging equipment used by physicians in diagnosis and treatment.
Milipitas, California-based Diasonics had come into existence in 1978, growing quickly.
In 1983, OEC was purchased by Diasonics, Inc. and became OEC-Diasonics, a subsidiary of that company.
But a year later, in February 1984, Forbes reported that the price per share had dropped to $6.50, and the company expected a $60 to $65 million pre-tax loss.
“Technology: Diasonics Posts Loss, Plans to Split Concern into Three Entities,” Wall Street Journal, May 3, 1993.
OEC finished 1996 with a stronger balance sheet than ever.
Joseph Pepper replaced Naumann-Etienne as CEO in 1997.
As part of the transaction, OEC, which had 1998 revenue of $189 million, granted GE the option to acquire newly issued shares of the company’s common stock, representing 15% of OEC’s outstanding shares.
Soon GE Healthcare developed specific medical exam devices for women, like the full field digital mammography which was introduced for the first time in 2000; an important development in the fight against breast cancer because of the high quality resolution imaging.
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Ge Oec Medical Systems Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| joimax | 2001 | $1.8M | 10 | - |
| Urologix | 1991 | $21.0M | 50 | - |
| Toshiba Medical Research Institute Usa, Inc. (tmru) | - | $4.4M | 49 | - |
| HeartFlow | 2007 | $70.0M | 302 | 90 |
| Hologic | 1985 | $4.0B | 6,478 | 480 |
| Spectranetics | 1984 | $270.8M | 960 | - |
| Psc Biotech | - | $540,000 | 50 | 46 |
| Steris | 1985 | $5.1B | 12,000 | 665 |
| Welch Allyn | 1915 | $940.0M | 2,602 | - |
| Philips Medical Systems | 2008 | $3.4B | 4,999 | - |
Ge Oec Medical Systems Inc history FAQs
Zippia gives an in-depth look into the details of Ge Oec Medical Systems Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ge Oec Medical Systems Inc. The employee data is based on information from people who have self-reported their past or current employments at Ge Oec Medical Systems Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ge Oec Medical Systems Inc. The data presented on this page does not represent the view of Ge Oec Medical Systems Inc and its employees or that of Zippia.
Ge Oec Medical Systems Inc may also be known as or be related to Ge Oec Medical Systems Inc, OEC MEDICAL SYSTEMS INC, OEC Medical Systems and OEC Medical Systems Inc.