General Electric Co.'s (GE) health care unit said Thursday it has increased manufacturing capacity and output of ventilators, and other equipment used in the treatment and diagnosis of COVID-19 patients. GE Healthcare said the other equipment include CTs, ultrasound devices, mobile X-ray systems and patient monitors. Regarding ventilators, GE Healthcare said it was adding manufacturing lines, increasing the number of shifts to produce them around the clock and adding additional employees through new hires and shifting current employees from other areas to support the increased demand. "As the global pandemic evolves, there is unprecedented demand for medical equipment, including ventilators," said GE Healthcare Chief Executive Kieran Murphy. " We continue to explore all options to support this increased need." GE's stock, which shed 2.1% in premarket trading, has lost 47.7% over the past month through Wednesday, while the Dow Jones Industrial Average has dropped 32.2%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 19, 2020 07:27 ET (11:27 GMT)
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