WAUKESHA - GE’s health care business,
whose medical imaging business is based in Waukesha, showed a
financial improvement in the second quarter, according to an
earnings report the Fairfield, Conn.-based company released Friday.
The health care segment saw 8 percent profit growth over 2007,
after experiencing a 17 percent year-over-year profit decline in the
The division earned $747 million of profit on $4.49 billion in
revenue for the second quarter.
In a statement, GE CEO Jeff Immelt said the health care unit
benefited from "strong global equipment and services
growth," as well as the resumed delivery of certain surgical
devices after the company came into compliance with a consent decree
from the Food and Drug Administration.
Immelt said the U.S. diagnostic imaging market "is still
challenged, but it is improving."
(The Associated Press contributed to this report.)