GE Healthcare relocating to Chicago from U.K.
GE Healthcare—a division of the Fairfield, Conn.-based multinational company that is in the process of reorganizing itself—will move its headquarters to Chicago from Amersham, near London.
As many as 200 jobs are involved in the move of the $18 billion-a-year company, which is the only major GE subsidiary with headquarters overseas. The unit’s parent, General Electric Co., also announced last week that it plans to move its corporate headquarters from Fairfield to Boston.
GE Healthcare has deep roots in Chicago, with significant operations in the metropolitan area and Milwaukee. The original parent company was founded in Chicago in the early part of the last century as a manufacturer of X-ray equipment, and eventually moved to Milwaukee because of the access it provided to glassblowers through the brewery business.
GE Healthcare specializes in making medical equipment, including machinery for imaging, patient monitoring and diagnostics.
John Flannery, CEO of GE Healthcare, said in a news release announcing the move that Chicago was chosen for its “rich industrial heritage, terrific international transportation links” and its proximity to “some of the world’s leading healthcare and academic institutions.”