GE Amends GE HealthCare Ownership Filing as of Dec 31, 2023

TL;DR

**GE just updated its stake in GE HealthCare, confirming its continued ownership.**

AI Summary

General Electric Company (GE) filed an amended SC 13G/A on February 2, 2024, indicating its ownership of GE HealthCare Technologies Inc. (GEHC) common stock as of December 31, 2023. This amendment, filed under Rule 13d-1(d), updates GE's beneficial ownership in GEHC. This matters to investors because it provides transparency into GE's continued, albeit potentially decreasing, influence over GE HealthCare, which could impact future strategic decisions or stock performance.

Why It Matters

This filing confirms GE's ongoing significant ownership in GE HealthCare, which could influence GEHC's governance and strategic direction, impacting its stock valuation.

Risk Assessment

Risk Level: low — This is a routine amendment filing, not indicating any immediate major changes or risks.

Analyst Insight

Investors should monitor future GE filings for changes in its ownership percentage of GE HealthCare, as significant reductions could impact GEHC's stock price or perceived independence.

Key Players & Entities

• General Electric Company (company) — the reporting person and former parent company of GE HealthCare Technologies Inc.
• GE HealthCare Technologies Inc. (company) — the subject company whose common stock is being reported on
• December 31, 2023 (date) — the date of the event which requires the filing of this statement
• February 2, 2024 (date) — the filing date of the SC 13G/A amendment
• Rule 13d-1(d) (null) — the specific rule under which this Schedule 13G is filed

Forward-Looking Statements

• General Electric Company will continue to gradually reduce its stake in GE HealthCare Technologies Inc. over the next year. (General Electric Company) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0000950142-24-000268.txt : 20240202 0000950142-24-000268.hdr.sgml : 20240202 20240202081557 ACCESSION NUMBER: 0000950142-24-000268 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 GROUP MEMBERS: GENERAL ELECTRIC CO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GE HealthCare Technologies Inc. CENTRAL INDEX KEY: 0001932393 STANDARD INDUSTRIAL CLASSIFICATION: X-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS [3844] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 882515116 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93934 FILM NUMBER: 24588873 BUSINESS ADDRESS: STREET 1: 500 WEST MONROE STREET CITY: CHICAGO STATE: IL ZIP: 60661 BUSINESS PHONE: 203-360-4369 MAIL ADDRESS: STREET 1: 500 WEST MONROE STREET CITY: CHICAGO STATE: IL ZIP: 60661 FORMER COMPANY: FORMER CONFORMED NAME: GE Healthcare Holding LLC DATE OF NAME CHANGE: 20220603 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 617-443-3000 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 SC 13G/A 1 eh240442985_13ga1-gehc.htm AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* GE HEALTHCARE TECHNOLOGIES INC. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 36266G 107 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☐ Rule 13d-1(b) ☐ Rule 13d-1(c) ☒ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 36266G 107 SCHEDULE 13G Page 2 of 6 1 NAME OF REPORTING PERSON General Electric Company 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 61,581,302 (See Note 1) 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 61,581,302 (See Note 1) 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 61,581,302 (See Note 1) 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.5% (See Note 2) 12 TYPE OF REPORTING PERSON CO Note 1 : As of December 31, 2023, General Electric Company (“GE”) beneficially owned 61,581,302, or approximately 13.5%, of the shares of common stock (“Common Stock”) outstanding of GE HealthCare Technologies Inc. (the “Company”). Pursuant to a Stockholder and Registration Rights Agreement, dated as of January 2, 2023 (the “Stockholder and Registration Rights Agreement”), between GE and the Company, GE granted to the Company a proxy to