General Electric to Buy BK Medical for $1.45 Billion

By Colin Kellaher

General Electric Co. on Thursday said it agreed to buy imaging and surgical navigation company BK Medical from private-equity firm Altaris Capital Partners for $1.45 billion in cash.

GE said the deal supports the expansion of its GE Healthcare unit's ultrasound business from diagnostics into surgical and therapeutic interventions.

GE said BK Medical's platform helps guide clinicians during minimally invasive and robotic surgeries and lets them visualize deep tissue during procedures in neuro and abdominal surgery, and in ultrasound urology.

BK Medical, based in Boston and Copenhagen, has more than 650 employees, GE said, adding that it expects to complete the acquisition next year.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

09-23-21 0835ET