GE Healthcare Completes Acquisition of BK Medical
21 Dicembre 2021 - 3:15PM
Business Wire
- Acquisition expands GE Healthcare’s $3 billion Ultrasound
business from diagnostics into surgical and therapeutic
interventions
- Adds capability in fast-growing advanced surgical visualization
segment, and significant synergies expected to further strengthen
BK Medical’s world-renowned business.
GE (NYSE:GE) today announced that it has completed its
previously announced acquisition of BK Medical, a leader in
advanced surgical visualization, from Altaris Capital Partners,
LLC. The companies entered into a definitive agreement for GE to
purchase BK Medical for a cash purchase price of $1.45 billion on
September 22, 2021.
With this acquisition, GE Healthcare adds the fast-growing and
relatively new field of real-time surgical visualization to GE’s
pre- and post-operative Ultrasound capabilities, creating an
end-to-end offering through the full continuum of care— from
diagnosis through therapy and beyond. Through significant synergies
with the benefit of GE’s technology and commercial scale, BK
Medical will be able to reach new customers and markets around the
world.
Under the leadership of current CEO Brooks West, BK Medical will
join GE, reporting into Roland Rott, President & CEO of GE
Healthcare Ultrasound, and will continue to best serve its
customers in the intraoperative ultrasound space in the US, Europe
and beyond.
Roland Rott, President and CEO of GE Healthcare Ultrasound said
“We are thrilled to bring our extraordinary teams together, learn
from each other and continue to build on our deep, shared expertise
as we grow our portfolio that our customers turn to and trust. Now
together as one family we are looking forward to an even brighter
future.”
Brooks West, President and CEO of BK Medical, commented: “We
have been on a journey to change the standard of care for surgery
by making it possible for surgeons to make critical decisions in
the operating room using real-time advanced visualization, allowing
for better care, faster surgeries and reduced complications.
Together with GE this journey will continue, and we can look
forward to making a greater impact in healthcare around the
world.”
GE Healthcare has a long history of ultrasound innovation and a
successful track record of growing technology acquisitions. In
1998, GE acquired Diasonics Vingmed Ultrasound Ltd, expanding into
the cardiovascular ultrasound segment of the market, and in 2001,
acquired Austrian women’s health ultrasound pioneer
Kretztechnik.
About GE
GE (NYSE:GE) rises to the challenge of building a world that
works. For more than 125 years, GE has invented the future of
industry, and today the company’s dedicated team, leading
technology, and global reach and capabilities help the world work
more efficiently, reliably, and safely. GE’s people are diverse and
dedicated, operating with the highest level of integrity and focus
to fulfil GE’s mission and deliver for its customers.
www.ge.com
About GE Healthcare:
GE Healthcare is the $17 billion* healthcare business of GE
(NYSE: GE). As a leading global medical technology, pharmaceutical
diagnostics and digital solutions innovator, GE Healthcare enables
clinicians to make faster, more informed decisions through
intelligent devices, data analytics, applications and services,
supported by its Edison intelligence platform. With over 100 years
of healthcare industry experience and around 47,000 employees
globally, the company operates at the center of an ecosystem
working toward precision health, digitizing healthcare, helping
drive productivity and improve outcomes for patients, providers,
health systems and researchers around the world.
Follow us on Facebook, LinkedIn, Twitter, and Insights for the
latest news, or visit our website www.gehealthcare.com for more
information.
*Excluding BioPharma.
About BK Medical
Headquartered in Boston and Copenhagen, BK Medical is a global
intraoperative imaging and surgical navigation company. Through
advanced ultrasound technology and sophisticated software, BK
Medical enables surgeons to make real-time, data-based decisions
during surgical procedures, resulting in better clinical outcomes
and reduced costs for patients, physicians, and the healthcare
system. BK Medical has a global installed base of more than 14,000
advanced imaging platforms and its proprietary technology is
protected with more than 136 patent families. For more information,
please visit www.bkmedical.com.
About Altaris
Altaris is a healthcare investment firm with an exclusive focus
on building companies that deliver value to the healthcare system
through innovation and efficiency. Altaris’ operating companies are
addressing some of the most complex problems in the healthcare
industry, with the ultimate goal of improving access and outcomes
for patients. Since inception in 2003, Altaris has invested in more
than 45 healthcare companies that have contributed to advancements
in the industry and generated significant value appreciation for
investors. Altaris is headquartered in New York City and manages
$6.0 billion of equity capital. For more information, please visit
www.altariscap.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211221005455/en/
GE Investor Contact: Steve Winoker, 617.443.3400
swinoker@ge.com
GE Media Contact: Mary Kate Mullaney, 202.304.6514
marykate.nevin@ge.com
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