Published: November 21, 2025 at 8:09 am
London-based investor Hg has agreed the sale of Intelerad, a global leader in medical imaging software solutions, to GE HealthCare in a transaction valued at approximately $2.3 billion.
Hg is an investor in European and transatlantic software, services. and data businesses. It will fully exit its majority shareholding in Intelerad, while TA Associates and Ardan Equity will exit minority positions in the business.
Hg partnered on the original Intelerad investment with Ardan Equity. During Hg’s ownership, Canada-based Intelerad has increased its revenue by over 3.5 times, transforming it into one of the world’s leading enterprise imaging platforms.
The business now serves 1,500+ global customers, supports over 230 million exams per year, and manages 8 billion medical images across its network.