GE HealthCare Technologies Inc., trading as GE HealthCare, is a global medical technology company headquartered in Chicago, Illinois. It was spun-off from GE on January 4, 2023, with GE retaining 20%. As of 2017, it is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures. It offers dyes used in magnetic-resonance-imaging procedures; manufactures medical diagnostic equipment, including CT image machines; MRI, XRAY; Ultrasound; Cath Labs; Mammogram; Nuclear Medicine Cameras; and develops Health technology for medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing. It was incorporated in 1994 and operates in more than 100 countries. On November 9, 2021, General Electric announced it would demerge into three investment-grade public companies, GE HealthCare being one of the three planned divestitures. GE HealthCare was spun-off on January 4, 2023, with the company being listed on the Nasdaq Stock Market. History 19th century In 1893, C.F. Samms and J.B. Wantz founded the Victor Electric Company in a basement. By 1896 they made electrostatic generators for exciting X-ray tubes and electrotherapeutic devices. They had a staff of six and a capital of $3,000 invested in the company. Victor Electric plunged into the X-ray business and by 1896 (one year after Roentgen’s discovery) were making X-ray machines. The business grew rapidly and so, in 1896, moved into new premises three times the original size, but this did not solve the space problems and the company made 3 moves by 1899. Victor Electric had competitors. In 1896, G.A.Frye began making X-ray tubes, which in 1897 was purchased by Swett & Lewis as the first merger in the X-ray business. 20th century During the first years, it was easier to keep up with the competition than space requirements. By 1903, Victor Electric had outgrown its facilities at 418 Dearborn St. in Chicago and bought two floors of a building at 55 Market Street, Chicago. This was again only a temporary stop; by 1910 it was too small and the firm moved again in 1911 to a building at the corner of Jackson Blvd. and Damen Avenue. This was the first permanent home of Victor Electric Co. They stayed there 35 years and during this time, gradually acquired all the space in the building and several around it. During the first 20 years of the X-ray business, many new names appeared.