GE Healthcare plans to drive growth internally by bundling its imaging equipment with software and cloud services, rather than focusing on acquisitions, reports Boston Globe.
Overall sales of the company's medical devices declined 4 percent in 2015 due to lower prices for X-ray machines, MRI scanners, ultrasound equipment and other related products, according to GE's annual 2015 report.
However, the company's healthcare arm is hoping to drive growth through its life science and healthcare IT units, rather than through strategic acquisitions. "We are really trying to move from being just a technology provider to being a partner with our customers," GE Healthcare CEO John Flannery told Boston Globe.
GE Healthcare's 2015 report can be accessed here.
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