In a concerted effort to augment its presence in the
healthcare industry, GE Healthcare, the healthcare operating unit
General Electric Company
), recently inked a definitive agreement to acquire the
Transactional Business of Unisyn Medical Technologies, a premier
diagnostic imaging products and services provider, for an
undisclosed amount. Post-acquisition, the Diagnostic Imaging
Field Services business of Unisyn Medical will operate as a
separate entity under a new name.
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Headquartered in Golden, CO, Unisyn Medical offers high-quality
ultrasound probe and repair services at significantly lesser cost
by leveraging on its proprietary technologies and advanced
technical capabilities. The company utilizes its FirstCall
probe-testing device to test the acoustic and electrical
properties of ultrasound probes to diagnose and repair the same
before shipping them back to the customer.
By pairing with GE Healthcare, the company anticipates to achieve
economies of scale and make the products available to a wider
customer pool across the world. On the other hand, the
acquisition will facilitate GE Healthcare to offer a complete
range of probe repair solutions to its customers, thereby further
strengthening its position in the market.
Headquartered in the U.K., GE Healthcare offers a broad portfolio
of products and services that redefine patient care. The company
has a proven expertise in diverse healthcare segments such as
medical imaging and information technologies, medical
diagnostics, patient monitoring systems, drug discovery,
biopharmaceutical manufacturing technologies, performance
improvement and performance solutions. It accounted for 12.3% of
the total revenue of General Electric in first quarter 2013.
Serving over 100 million customers worldwide, General Electric is
one of the largest and the most diversified technology and
financial services corporations in the world, with products and
services ranging from aircraft engines, power generation, water
processing, and security technology to medical imaging, business
and consumer financing, media content and industrial products.
Its segments include Power & Water, Oil & Gas, Energy
Management, Aviation, Healthcare, Transportation, Home &
Business Solutions, and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Other
companies in the industry worth mentioning include
Compass Diversified Holdings
Honeywell International Inc.
), each carrying a Zacks Rank #2 (Buy).