Shots:
- GE has signed an agreement to acquire BK Medical for $1.45B in cash and is eligible to receive a high-single-digit return on invested capital within 5yrs. The transaction is expected to close in 2022
- The acquisition will allow GE Healthcare to expand its $3B ultrasound business from diagnostics into surgical & therapeutic interventions. The acquisition also accelerates its growth in precision health & adds capability in the surgical visualization segment
- BK Medical provides ultrasound technology that can be used during surgery to guide clinicians. GE Healthcare anticipates BK Medical to deliver rapid revenue growth, margin expansion, and free cash flow growth
Click here to read full press release/ article | Ref: GE Healthcare | Image: Businesswire
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