GE (NYSE: GE) has completed its acquisition of BK Medical, a provider of advanced surgical visualization, from Altaris Capital Partners, LLC for a cash purchase price of $1.45 billion. The deal was originally agreed upon September 22, 2021.
The deal adds BK’s fast-growing, new field of real-time surgical visualization to GE Healthcare’s pre and post operative ultrasound capabilities. The deal will allow BK to reach new customers and markets through synergies with GE’s technology and scale.
“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,” said Roland Rott, president and CEO of GE Healthcare Ultrasound. “Now together as one family we are looking forward to an even brighter future.”
“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,” added Brooks West, president and CEO of BK Medical. “Together with GE this journey will continue, and we can look forward to making a greater impact in healthcare around the world.”