General Electric's (GE) subsidiary GE Healthcare plans to acquire BK Medical, an advanced surgical visualization company. The acquisition should expand the company’s footprint into the precision health sector valued at tens of billions of dollars. The transaction is expected to close in 2022. GE shares rose 4.49% to close at $102.96 on September 23. The acquisition is part of the company’s push to tailor treatments by ensuring doctors are able to make good use of medical histories and genetic makeups. Additionally, it should help the General Electric unit expand beyond diagnostics and into surgical and therapeutic interventions. (See General Electric stock charts on TipRanks).
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General Electric (NYSE:GE)
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