GE HealthCare Emphasizes AI with New M&A
The Chicago, IL-based firm has signed an agreement to acquire the clinical artificial intelligence business from Intelligent Ultrasound for $51 million.
July 18, 2024
GE HealthCare is making an acquisition to expand its portfolio of artificial intelligence-enabled devices in imaging.
The Chicago, IL-based company said it has entered into an agreement to acquire the clinical AI business from Intelligent Ultrasound for $51 million.
Intelligent Ultrasound specializes in integrated AI-driven image analysis tools designed to make ultrasound smarter and more efficient. Intelligent Ultrasound said it has pioneered the ScanNav Assist AI technology, which powers SonoLystlive and SonoLyst X/IR, available on GE HealthCare’s Voluson Expert and Voluson Signature ultrasound devices.
"We are pleased to bring innovative technology from Intelligent Ultrasound into GE HealthCare’s Ultrasound portfolio, allowing us to fully integrate these solutions into our systems to help clinicians improve workflow, reduce repetitive tasks, and simplify exams,” said Phil Rackliffe, president and CEO of Ultrasound and Image Guided Therapies, GE HealthCare said in a release. “This technology and the experts who developed it will help enhance our portfolio of AI-enabled devices and accelerate our pace of development of next-generation AI tools.”
The deal comes a little more than a year after GE HealthCare added another piece to its growing AI puzzle by acquiring Caption Health. The San Mateo, CA-based company specializes in using AI to assist in conducting ultrasound scans.
In September of last year, Jan Makela, President and CEO of imaging at GE HealthCare, was a guest on the Let’s Talk Medtech podcast to discuss the company’s plans for imaging and AI.
You can access the episode below.
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