M&A Deal Summary

GE Healthcare Acquires BK Medical

On September 23, 2021, GE Healthcare acquired information technology company BK Medical from Altaris Capital Partners for 1.5B USD

Acquisition Highlights
  • This is GE Healthcare’s 4th transaction in the Information Technology sector.
  • This is GE Healthcare’s largest (disclosed) transaction.
  • This is GE Healthcare’s 20th transaction in the United States.
  • This is GE Healthcare’s 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2021-09-23
Target BK Medical
Sector Information Technology
Buyer(s) GE Healthcare
Sellers(s) Altaris Capital Partners
Deal Type Divestiture
Deal Value 1.5B USD

Target

BK Medical

Peabody, Massachusetts, United States
website
BK Medical is a global intraoperative imaging and surgical navigation company. BK Medical enables surgeons to make real-time, data-based decisions during surgical procedures, resulting in better clinical outcomes and reduced costs for patients, physicians, and the healthcare system. BK Medical is based in Peabody, Massachusetts.

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Buyer(S) 1

Buyer

GE Healthcare

Westborough, Massachusetts, United States

website


Category Company
Founded 1994
Sector Medical Products
DESCRIPTION

GE Healthcare, a unit of General Electric Company is a provider of medical technologies and services. GE Healthcare has expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance improvement, life sciences, drug discovery, and biopharmaceutical manufacturing technologies. GE Healthcare is based in Westborough, Massachusetts.


DEAL STATS #
Overall 27 of 30
Sector (Information Technology) 4 of 4
Type (Divestiture) 2 of 2
State (Massachusetts) 3 of 3
Country (United States) 20 of 22
Year (2021) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Zionexa

Fishers, Indiana, United States

Zionexa is an international and innovative company developing and commercializing in-vivo biomarkers for guiding targeted therapies in oncology, to improve patients’ pathways and provide them a better quality of life. Zionexa was founded in 2018 and is based in Fishers, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Dynamic Imaging

Mt. Laurel, New Jersey, United States

Dynamic Imaging is a provider of web-based picture archiving and communications systems software technology. Dynamic Imaging’s solutions address the challenges of public safety integration and information sharing through its interoperability with jail, public safety records management and LiveScan systems. Dynamic Imaging was founded in 1993 and is based in Mt. Laurel, New Jersey.

Sell -

Seller(S) 1

SELLER

Altaris Capital Partners

New York City, New York, United States

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Altaris Capital Partners is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris Capital Partners was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 24 of 24
Sector (Information Technology) 2 of 2
Type (Divestiture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 22 of 22
Year (2021) 3 of 3
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Paramit

Morgan Hill, California, United States

Paramit is a provider of medical device manufacturing services. Paramit offers a turn-key solution, including product design and prototype development, commercial-scale component manufacturing, test solutions, and assembly services. Paramit serves many of the fastest-growing, most innovative companies in the medical device and technology marketplace. Paramit was founded in 1990 and is based in Morgan Hill, California.

Sell Fr.920M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Meridian Medical Technologies

St. Louis, Missouri, United States

Meridian Medical Technologies designs, develops, manufactures and supplies on-the-scene emergency response treatments and health security solutions with a focus on complex drug-device combination products. Meridian Medical Technologies is based in St. Louis, Missouri.

Buy -