Healthcare & Life Sciences Private Equity Deal Tracker: Altaris Sells BK Medical to General Electric

McGuireWoods LLP
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Altaris Capital Partners has announced it has agreed to sell BK Medical to General Electric (NYSE:GE) for a cash purchase price of $1.45 billion.

BK Medical, with its U.S. headquarters in Boston, is a developer of intraoperative imaging and surgical navigation. Founded in 1992, the company’s solutions are used to guide clinicians during minimally invasive and robotic surgeries and to visualize deep tissue during procedures in neuro and abdominal surgery, and in ultrasound urology.

GE indicated that the acquisition would help its GE Healthcare division further expand beyond diagnostics into surgical and therapeutic interventions.

Altaris, based in New York, seeks control and minority equity investments exclusively in healthcare. Founded in 2002, the firm targets companies within the life sciences/pharmaceutical, provider services and non-reimbursement healthcare industries. Altaris is flexible in its investment sizes.

The transaction is expected to close in 2022.

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