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General Electric (GE) to Buy BK Medical, Boost Ultrasound Business

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General Electric Company GE yesterday announced that it has entered into a deal for the acquisition of BK Medical from Altaris Capital Partners. The deal is valued at $1.45 billion in cash. The company’s shares gained 4.5% yesterday to eventually close the trading session at $102.96. Based in Boston and Copenhagen, BK Medical is a leader in intraoperative imaging and surgical navigation. Designed for surgeons and urologists, the company’s active imaging systems facilitate in visualizing anatomy and lesions, guiding interventions and navigating inside the body of a patient. The company, which employs more than 650 people, has a strong product line that is used across several medical specialties including general surgery, robotic-assisted surgery, neurosurgery and spine, and urology.

General Electric expects the addition of BK Medical’s expertise in advanced ultrasound technology, coupled with its strong innovation capabilities and efficient team, to allow it to come up with comprehensive product offerings and deliver precision health to customers. The BK Medical buyout will augment General Electric’s $3 billion ultrasound business and enable it to expand........

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