03:28 AM EST, 12/02/2024 (MT Newswires) -- GE Healthcare ( GEHC ) said Sunday it has agreed to acquire the remaining 50% equity interest it doesn't already own in Japanese radiopharmaceutical company Nihon Medi-Physics Co. from Sumitomo Chemical.

Nihon Medi-Physics has 13 manufacturing facilities and posted annual revenue of 28.2 billion Japanese yen ($183 million) in 2023. GE Healthcare ( GEHC ) has held a 50% stake in the business since 2004.

The company expects the deal to be accretive to adjusted earnings per share after year one.

Closing of the deal is expected to occur in early 2025, subject to regulatory approvals.