GE Healthcare (NYSE:GE) announced today that it completed its previously announced $1.45 billion acquisition of BK Medical.
Boston-based GE Healthcare confirmed in September that the companies had entered into a definitive agreement for GE to purchase BK Medical, a developer of surgical visualization technologies.
The acquisition adds real-time surgical visualization offerings to its pre-operative and post-operative ultrasound capabilities, creating an end-to-end offering through the entire continuum of care, according to a news release.
BK Medical has headquarters in Boston and Copenhagen with more than 650 employees. GE Healthcare said it acquired BK Medical from Altaris Capital Partners and that the company is delivering double-digit revenue growth.
“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,” BK Medical President & CEO Brooks West said in the release. “Together with GE this journey will continue, and we can look forward to making a greater impact in healthcare around the world.”
GE Healthcare said that West will join the company and report to President & CEO of GE Healthcare Ultrasound Roland Rott.
“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,” Rott said. “Now, together as one family, we are looking forward to an even brighter future.”