MedTech Dive September 23, 2021
Greg Slabodkin

Dive Brief:

  • GE Healthcare announced Thursday it will acquire BK Medical from private-equity firm Altaris Capital Partner for $1.45 billion to broaden the $3 billion ultrasound business into surgical visualization, used to guide surgeons during minimally invasive and robotic surgeries.
  • CEO Kieran Murphy said the cash deal, expected to close in 2022, will help expand GE Healthcare beyond its diagnostics portfolio into surgical and therapeutic interventions, with high-single-digit return on invested capital anticipated by the fifth year. BK Medical, headquartered in Boston and Copenhagen with more than 650 employees, is seeing double-digit revenue growth and GE expects the company to deliver “rapid” revenue growth as well as margin expansion and free cash flow growth.
  • GE wants to capitalize...

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Topics: Medical Devices, Mergers & Acquisitions / JV, Trends
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