GE HealthCare forms JV with Sinopharm subsidiary CMDC for China medical equipment

GE HealthCare Technologies Inc.

JV with China National Medical Device Co. (CMDC), a Sinopharm unit, to develop, manufacture, and commercialize medical equipment.
Initially focused on non-premium CT and general imaging ultrasound for primary care and rural health in China.
Subject to regulatory approvals in China; no financial terms disclosed.
Builds on existing JV relationship through Hangwei, formed in 1991.

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