GE Healthcare, a global medical technology company, acquired Caption Health, a provider of AI-powered ultrasound guidance software solutions for healthcare professionals.
The financial terms of the transaction were not disclosed. GE HealthCare intends to fund this transaction with cash on hand. “The acquisition supports our $3 billion Ultrasound business by adding AI-enabled image guidance to ultrasound device portfolios. It aligns with the business strategy to deliver precision care and expands access to new ultrasound users and clinical uses,” GE HealthCare said in a press statement.
As part of this acquisition, Caption Health will continue providing management and administrative services to affiliated medical services providers (collectively called Caption Care).
Commending on the acquisition news, GE Healthcare Ultrasound President and CEO Roland Rott said, “Guiding ultrasound users during examinations with the help of AI is of growing importance, especially as we reach a broader set of healthcare professionals.”
“Caption Health’s AI applications help enable reliable, consistent ultrasound examinations to deliver more precise diagnoses, improved treatment decision-making, and ultimately improved patient outcomes.”
“This tuck-in acquisition will help expand affordable access to ultrasound imaging to novice users and is aligned with a broader shift to precision care globally,” added Roland Rott.
More than 100+ medical imaging technology companies have been acquired to date, according to our M&A database. Notable M&As in the medical imaging sector include:
Medtronic, a global medical technology company, acquired Affera, a provider of medical imaging solutions for treating cardiac arrhythmia, for an undisclosed amount.
GE Healthcare, a global medical technology company, acquired BK Medical, a provider of real-time medical imaging and surgical interventions solution, for $1.45 billion.
Intelerad Medical Systems, a medical imaging software provider, acquired Ambra Health, a medical imaging software company, for more than $250 million, according to Bloomberg.
