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GE to buy BK Medical for $1.5 billion to expand ultrasound business

GE to buy BK Medical for $1.5 billion to expand ultrasound business

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Shares of General Electric Co. GE, +1.78% rose 0.9% in premarket trading Thursday, after the industrial conglomerate said its Healthcare business unit was buying surgical visualization company BK Medical for $1.45 billion, from Altaris Capital Partners. Boston- and Copenhagen-based BK Medical has more than 650 employees and is growing revenue in the double-digit percentage range. The deal is expected to close in 2022.

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