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Three Firms Guide GE’s Buy of Surgical Imaging Maker BK Medical

Sept. 27, 2021, 10:55 AM

Gibson, Dunn & Crutcher advised General Electric Co. on its $1.45 billion acquisition of BK Medical, a maker of surgical visualization equipment, from private equity firm Altaris Capital Partners.

Latham & Watkins and Schiff Hardin advised BK Medical on the transaction, which is expected to close in 2022, according to a statement.

BK Medical makes intraoperative imaging and surgical navigation equipment used to guide clinicians during minimally invasive and robotic surgeries. The equipment is also used to visualize deep tissue during procedures in neuro and abdominal surgery, and in ultrasound urology, the statement said.

Headquartered in Boston and Copenhagen, with more than 650 employees, the company BK Medical said it has posted double-digit revenue growth.

GE Healthcare President and CEO Kieran Murphy said the acquisition complements his company’s $3 billion ultrasound business, calling it “another step toward delivering precision health.”

“This transaction helps GE Healthcare continue to expand beyond diagnostics into surgical and therapeutic interventions,” Murphy said.

To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
To contact the editor on this story: Chris Opfer in New York at copfer@bloomberglaw.com; John Hughes in Washington at jhughes@bloombergindustry.com

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