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

September 23, 2021 10:33 AM | 1 min read |

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.