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GEHC Expands Healthcare Access Through Indonesia MoH Partnership Deal
ZACKS· 2025-12-17 18:06
Core Insights - GE HealthCare (GEHC) has formed a strategic partnership with Indonesia's Ministry of Health under the SIHREN program to enhance access to advanced diagnostic and care technologies across Indonesia [1][2][4] Partnership Details - The SIHREN initiative will see GEHC support the deployment of medical technologies, training, and digital health solutions to improve the national referral hospital network [2][4] - GEHC is set to supply over 300 advanced CT scanners to Indonesia's public healthcare system, benefiting over 280 million people and enhancing diagnostic capabilities nationwide [8][9] - The agreement is structured as a multi-year contract awarded through a competitive international tender process, ensuring transparency and adherence to World Bank regulations [8][9] Market Position and Stock Performance - Following the announcement, GEHC shares remained flat in after-market trading, but the stock has increased by 34.7% over the past six months, contrasting with a 1.2% decline in the industry [3][7] - GEHC currently has a market capitalization of $38.47 billion [6] Industry Outlook - The global medical imaging market is projected to grow from $41.6 billion in 2024 to $55.4 billion by 2030, with a CAGR of 4.95% from 2025 to 2030, driven by rising chronic disease prevalence and demand for early diagnosis [11]