Full Press Release Details
GE HealthCare Technologies Inc. Commences Secondary Offering of 13,000,000 Shares
CHICAGO GE HealthCare
Technologies Inc. (Nasdaq: GEHC) (the Company or GE HealthCare ) announced today the launch of a secondary underwritten public offering (the Offering ) of 13,000,000 shares of its common stock (the GEHC
Shares ). GE HealthCare is not selling any shares of common stock and will not receive any proceeds from the sale of the GEHC Shares in the Offering or from the
debt-for-equity exchange (as described below).
Prior to the closing of
the Offering, General Electric Company ( GE ) is expected to exchange the GEHC Shares for indebtedness of GE held by Morgan Stanley Senior Funding, Inc. and Morgan Stanley Bank, N.A. (together, the MS Lenders ), affiliates of
Morgan Stanley & Co. LLC, the selling stockholder in the Offering by designation of the MS Lenders. Following the debt-for-equity exchange, if consummated,
Morgan Stanley & Co. LLC, as the selling stockholder in the Offering, intends to sell the GEHC Shares to the underwriters in the Offering. The selling stockholder in the Offering has granted the underwriters an option to purchase additional
shares of GE HealthCare common stock at the public offering price less the underwriting discount for 30 days.
Morgan Stanley, BofA Securities, Citigroup,
Evercore ISI, Goldman Sachs & Co. LLC and J.P. Morgan are serving as the lead joint book-running managers for the Offering.
filed a shelf registration statement (including a prospectus) on Form S-3 with the U.S. Securities and Exchange Commission (the SEC ) for the Offering to which this communication relates, which
registration statement became effective upon filing. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete
information about the Company and this Offering. You may obtain these documents for free by visiting EDGAR on the SEC s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus relating to the
Offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, email: dg.prospectus_requests@bofa.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by
telephone at (888) 474-0200 or by e-mail at ecm.prospectus@evercore.com; Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York,
New York 10282, telephone: 1-866-471-2526, facsimile:
212-902-9316, or by emailing prospectus-ny@ny.email.gs.com; and J.P. Morgan Securities LLC, Attention: c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by e-mail at
This press release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or
GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated
solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing
personalized, connected, and compassionate care, while simplifying the patient s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from
diagnosis, to therapy, to monitoring. We are a $19.6 billion business with 51,000 colleagues working to create a world where healthcare has no limits.
Forward-Looking Statements
This release contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as
will, expect, may, would, could, plan, and similar expressions. These forward-looking statements may include, but are not limited to, statements about the size, timing or
results of the Offering and the selling stockholders intent to offer shares of common stock, and reflect management s current plans, estimates and expectations and are inherently uncertain. The inclusion of any forward-looking information
in this release should not be regarded as a representation that the future plans, estimates or expectations contemplated will be achieved. These forward-looking statements involve risks and uncertainties, many of which are beyond the Company s
control. Factors that could cause actual results to differ materially from those described in the Company s forward-looking statements include, but are not limited to, operating in highly competitive markets; our ability to control increases in
healthcare costs and any subsequent effect on demand for the Company s products, services, or solutions; the Company s ability to operate effectively as an independent, publicly-traded company; and the other factors detailed in the
Company s Registration Statement on Form S-3 filed on February 15, 2024, as well as other risks discussed in the Company s filings with the U.S. Securities and Exchange Commission. Please also
see the Risk Factors section of the Company s Form 10-K filed with the U.S. Securities and Exchange Commission and any updates or amendments it makes in future filings. There may be other
factors not presently known to the Company or which it currently considers to be immaterial that could cause the Company s actual results to differ materially from those projected in any forward-looking statements the Company makes. The Company
does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.