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GE HealthCare to Buy Sofie Biosciences for $945 Million

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Story summary
  • GE HealthCare agreed to acquire Sofie Biosciences for $945 million cash.
  • The transaction, adding 15 U.S. sites, 21 cyclotrons and Phase III tracer FAPI-74 rights, will close in H1 2027.
  • Q2 revenue reached $5.295 billion, a 3.5% organic increase YoY.
  • Adjusted EPS rose to $1.13, beating the $1.05 forecast.
  • Analysts set new price targets: Needham Buy at $93 and Mizuho raised its target to $85, citing 11% order growth.