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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 24, 2023
GE HEALTHCARE TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
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| Delaware | | 001-41528 | | 88-2515116 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
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| 500 W. Monroe Street | Chicago, | IL | | | | 60661 |
| (Address of principal executive offices) | | | | (Zip Code) |
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(Registrant’s telephone number, including area code) (833) 735-1139
______________________________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common stock, par value $0.01 per share | | GEHC | | The Nasdaq Stock Market LLC |
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| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). | ☐ |
| Emerging growth company | ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. | ☐ |
Item 8.01 Other Events.
GE Healthcare (China) Co., Ltd., a subsidiary of GE HealthCare Technologies Inc. ("GE HealthCare"), announced today the entry into an agreement to form a long-term joint venture with China National Medical Device Co., Ltd (“CMDC”), a subsidiary of China National Pharmaceutical Group Co., Ltd. ("Sinopharm"). GE HealthCare and Sinopharm have an existing joint venture relationship through Hangwei, a medical equipment manufacturing company formed in 1991. In line with GE HealthCare’s business strategy to grow in emerging markets with a local approach tailored to customer needs, the purpose of the new joint venture is to develop, manufacture, and commercialize medical equipment to address the growing needs of China’s healthcare market. The joint venture is initially intended to provide non-premium CT and general imaging ultrasound solutions for primary care and rural health. The product scope may be further expanded by agreement of the two parties as the joint venture develops. The formation of the joint venture is subject to required regulatory approvals in the People's Republic of China.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | GE HealthCare Technologies Inc. |
| | | (Registrant) |
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Date: February 24, 2023 | | /s/ Frank R. Jimenez |
| | | Frank R. Jimenez, General Counsel and Corporate Secretary (authorized signatory) |