GE Healthcare expanded its ultrasound business to the operating room. The company completed its $1.45 billion acquisition plan for BK Medical, a surgical visualization company.
BK Medical is headquartered in Boston and Copenhagen and currently has more than 650 employees. The two companies said in a press release that its revenue growth has been in double digits.
Although GE Healthcare currently uses ultrasound for pre- and post-operative visualization, the acquisition will also enable it to use ultrasound in real time during surgery to help surgeons make decisions. As part of GE, BK Medical will also be able to reach new customers in new markets.
Brooks West, CEO of BK Medical, will continue to lead the company and will operate as part of GE Healthcare’s $3 billion ultrasound business.
“We have been working to change the standard of surgical care so that surgeons can use real-time advanced visualization to make critical decisions in the operating room, thereby providing better care, faster operations, and fewer complications,” West Said in the press release. “With GE, this journey will continue, and we can look forward to having a greater impact on healthcare around the world.”
General Electric is Is currently spinning off its healthcare department As part of a broader reorganization. Last year, the department brought in $18 billion in revenue. GE Healthcare will become an independent public company in 2023, with GE holding 20% of the shares.
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