GE Healthcare Acquires Unisyn Medical Technologies' Transactional Business
WAUKESHA, Wis. & GOLDEN, Colo.--(BUSINESS WIRE)-- GE Healthcare, the healthcare division of General Electric (NYS: GE) , announced today the acquisition of Unisyn Medical Technologies' Transactional Business, a leading national provider of comprehensive ultrasound probe repair solutions to biomedical and clinical engineers, headquartered in Golden, CO. Financial terms were not disclosed.
The proprietary products and services from Unisyn will be integrated into GE Healthcare's Global Services organization and be offered initially to customers in the United States and Canada. Global expansion is expected to start by the end of the year. Unisyn's Diagnostic Imaging Field Services business will operate independently under a new name.
"The combination of Unisyn's repair expertise and GE's scale will provide value by meeting customers' needs with a fast, cost effective and reliable probe repair solution," said Mike Swinford, President and CEO of Global Services for GE Healthcare. "We see this as a tremendous opportunity to further grow our Ultrasound and Services footprint globally and look forward to providing our customers a cost effective solution at every step of the Ultrasound product lifecycle."
Ultrasound customers around the world are challenged as they struggle to manage their broad ultrasound fleet of probes. They seek low cost, high quality solutions that can increase their uptime and reduce repeated failures.
Unisyn is uniquely positioned to test and evaluate ultrasound probe failures with its proprietary FirstCall™ probe-testing device. This patented technology enables Unisyn to diagnose, repair, and thoroughly test each and every probe before shipment back to the customer. FirstCall provides objective measures of probe performance through testing the acoustic and electrical properties of ultrasound probes.
"This transaction makes great sense for our stockholders, our employees and most importantly our customers," said Jeff Soinski, CEO of Unisyn Medical Technologies. "Our ultimate goal at Unisyn is to deliver value for our customers and together with GE our transactional business is positioned to do this better than ever before. Through this acquisition, GE Healthcare will now be able to offer customers a complete probe repair solution spanning across multiple vendor platforms as well as a broad portfolio of on-demand offerings to meet customers' unique needs."
About GE Healthcare
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.
Our "healthymagination" vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYS: GE) . Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. www.gehealthcare.com. For our latest news, please visit http://newsroom.gehealthcare.com/.
About Unisyn Medical Technologies
Unisyn Medical Technologies, Inc. is a leading provider of products and services to the diagnostic imaging industry. Unisyn leverages its proprietary technologies and advanced technical capabilities to provide high quality, cost-efficient solutions for its customers across multiple modalities and vendor platforms. Unisyn Medical Technologies, Inc. is headquartered in Golden, Colorado and is certified to ISO 9001 and ISO 13485. Unisyn is a portfolio company of Galen Partners, a leading healthcare private equity firm. For more information, please visit Unisyn's website at www.unisynmedical.com.
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