General Electric to Buy BK Medical for $1.45 Billion
September 23 2021 - 8:50AM
Dow Jones News
By Colin Kellaher
General Electric Co. on Thursday said it agreed to buy imaging
and surgical navigation company BK Medical from private-equity firm
Altaris Capital Partners for $1.45 billion in cash.
GE said the deal supports the expansion of its GE Healthcare
unit's ultrasound business from diagnostics into surgical and
therapeutic interventions.
GE said BK Medical's platform helps guide clinicians during
minimally invasive and robotic surgeries and lets them visualize
deep tissue during procedures in neuro and abdominal surgery, and
in ultrasound urology.
BK Medical, based in Boston and Copenhagen, has more than 650
employees, GE said, adding that it expects to complete the
acquisition next year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 23, 2021 08:35 ET (12:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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