GE To Strategically Expand Healthcare Portfolio At RSNA 2016

GE Healthcare – a unit of General Electric Company (NYSE:GE) – will launch 25 new products, services and digital solutions at Radiological Society of North America (RSNA) 2016.

RSNA is an international society of radiologists, medical physicists and other medical professionals. The society consists of over 54,000 members, across 136 countries worldwide. RSNA hosts the world’s premier radiology forum, bringing together around 55,000 attendees annually at McCormick (NYSE:MKC) Place in Chicago.

GE Healthcare is looking forward to improving the healthcare industry with its new innovative products and partnerships, designed to address major challenges faced by the industry. This will provide enhanced patient experience, better clinical confidence and improve productivity.

The company’s latest products include Senographe Pristina that enables the patient to adjust breast compression with a remote control. This will reduce the patients’ discomfort and addresses one of the main concerns women have regarding mammography screening.

In addition, the company’s Centricity Imaging Collaboration Suite will enable healthcare professionals to view, manipulate and share images beyond their department. This system is build using GE Health Cloud, which helps healthcare teams collaborate on cases, reducing operation costs and improve efficiency. There are many more such launches and enhancements that the company is looking forward to showcase in the RSNA 2016, which is being held till Dec 1.

Per President and CEO of GE Healthcare John Flannery, the company is looking forward to launching a wide array of new products and software technologies to enhance performance, clinical outcomes and productivity for the healthcare industry.

The launch of these innovative products and services will help the company set itself apart from its peers in the healthcare industry. In turn, such innovations will augment its top line going forward.

We continue to be bullish on the strategic expansions in the healthcare ecosystem of this Zacks Rank #4 (Sell) stock. Some better-ranked stocks in this industry include Macquarie Infrastructure Corp. (NYSE:MIC) , AO Smith Corp. (NYSE:AOS) and Danaher Corp. (NYSE:DHR) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Macquarie Infrastructure is currently trading at a forward P/E of 69.9x and has beaten estimates twice in the trailing four quarters for an average earnings surprise of 29.6%.

AO Smith has a long-term earnings growth expectation of 10.7% and is currently trading at a forward P/E of 26.8x.

Danaher has long-term earnings growth expectation of 11.8% and is currently trading at a forward P/E of 22.2x.

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