GE Healthcare Bolsters Ultrasound Portfolio With $1.45B BK Medical Deal

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  • General Electric Co GE has agreed to acquire BK Medical from Altaris Capital Partners for $1.45 billion cash. 
  • BK Medical is an intraoperative imaging and surgical navigation company with headquarters in Boston and Copenhagen and more than 650 employees worldwide. 
  • This acquisition supports GE Healthcare's $3 billion Ultrasound business' expansion from diagnostics into surgical and therapeutic interventions.
  • GE Healthcare expects BK Medical to deliver rapid revenue growth, margin expansion, and free cash flow growth. GE Healthcare also expects a high-single-digit return on invested capital by year five.
  • GE Industrial held a cash balance of $15.6 billion as of June 30, 2021.
  • The parties expect the transaction to close in 2022.
  • Price Action: GE shares are trading higher by 4.51% at $103.01 on the last check Thursday.
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