GE Amends 13G/A on GE HealthCare Stake as of Dec 31, 2023

TL;DR

**GE still owns a chunk of GE HealthCare, but it's a passive stake.**

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 filing, an amendment to a previous statement, confirms GE's continued significant, but passive, stake in GE HealthCare. This matters to investors because it clarifies the relationship between the two companies, showing GE still holds a substantial portion of GEHC shares, which could influence future stock performance or corporate actions.

Why It Matters

This filing confirms GE's ongoing, albeit passive, ownership in GE HealthCare, which can impact GEHC's stock liquidity and potential future share distributions or sales by GE.

Risk Assessment

Risk Level: low — This is an informational filing confirming a passive ownership stake, posing minimal immediate risk to investors.

Analyst Insight

An investor should note that GE still holds a stake in GE HealthCare, which could lead to future divestitures or impact market perception, but this filing itself doesn't signal an immediate change in strategy.

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 required the filing of this statement
• February 2, 2024 (date) — the filing date of the SC 13G/A amendment
• 36266G 107 (other) — the CUSIP number for GE HealthCare Technologies Inc. Common Stock

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