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GE Healthcare business restarts

GE Healthcare business restarts

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HARTFORD, Conn (AP) -- GE Healthcare's surgery business has started up again in Utah, 20 months after General Electric signed a consent decree with the federal government to halt the manufacture of X-ray surgical equipment.

GE Healthcare says it received the go-ahead Monday by satisfying requirements of the January 2007 agreement. The company is a subsidiary of Fairfield, Conn.-based GE.

The health care business, based in Salt Lake City, reported a 17 percent drop in profits in the first-quarter of 2008, contributing to GE's lower-than-expected earnings and a profit warning.

GE Healthcare President and Chief Executive Joe Hogan says the business has raised its standards with changes it made in the X-ray device.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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