By Dean Seal
Shares of RadNet surged Monday after the company's artificial-intelligence unit entered into a strategic collaboration with GE Healthcare Technologies.
The diagnostic-imaging company's stock was up 20% at $86.96 in premarket trading, on track to open at an all-time high. The share price already has doubled since the start of the year and is now well above its most recent record high of $72.69.
The Los Angeles company Monday said DeepHealth, its subsidiary that specializes in AI-powered health informatics, will team up with GE HealthCare to develop AI capabilities for imaging and radiology.
The companies will kick off their partnership by integrating DeepHealth's AI-powered SmartMammo imaging support with GE Healthcare's Senographe Pristina mammography system.
"We are excited to bring the power of imaging and AI together to elevate personalized breast care for those facing this difficult diagnosis," said Roland Rott, chief executive of imaging for GE HealthCare.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
November 11, 2024 08:59 ET (13:59 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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