GE HealthCare to Buy Intelerad for $2.3 Billion in Cash (1)

GE HealthCare Technologies Inc. is buying Intelerad Medical Systems Inc., a maker of medical imaging software, for $2.3 billion in cash to expand its efforts in cloud software and artificial intelligence.

GE HealthCare shares were little changed in post-market trading in New York after the deal was announced. The stock had fallen 4.4% since the start of the year through Thursday’s close.

Medical imaging is being transformed as companies use artificial intelligence to help interpret scans. Intelerad’s software is used in radiology and cardiology, and it has a big presence in outpatient settings that GE HealthCare said will complement ...