GE Healthcare has completed the acquisition of surgical visualisation company BK Medical in a deal valued at $1.45bn in cash.
In September this year, the companies signed a definitive agreement for the acquisition of BK Medical from healthcare investment firm Altaris Capital Partners.
Headquartered in Boston and Copenhagen, BK Medical offers advanced ultrasound technology and software that help surgeons to make data-based and real-time decisions during surgeries.
BK Medical president and CEO Brooks West said: “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.”
Through the acquisition of the company, GE Healthcare will add new real-time surgical visualisation tool to its pre- and post-operative ultrasound capabilities.
This will help in creating an end-to-end offer from diagnosis through therapy and other services.
The company stated that the deal will also help to expand its $3bn ultrasound business into surgical and therapeutic interventions from diagnostics.
GE Healthcare Ultrasound president and CEO Roland Rott said: “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. Now together as one family we are looking forward to an even brighter future.”
BK Medical will now join GE Healthcare Ultrasound and continue to serve customers in the intraoperative ultrasound segment in Europe, the US, as well as other areas.