GE Medical Systems to Acquire Imatron

In a move that will expand its computed tomography line, GE Medical Systems (Waukesha, WI, USA) has agreed to acquire Imatron Inc. (South San Francisco, CA, USA) for about US$200 million. The transaction is expected to close by year-end 2001.

Imatron's electron beam tomography (EBT) scanner is used by doctors specializing in cardiology, pulmonology, and gastroenterology. EBT scanners are currently in use at more than 150 major medical facilities and imaging centers around the world. Imatron had revenues of $74.5 million for the latest twelve months ended June 30, 2001.

"Imatron's technology is the perfect complement to our offering of computed tomography (CT) products,” said Joseph M. Hogan, president and CEO of GE Medical Systems. "By adding EBT to the world-renowned LightSpeed family, GE Medical Systems will be able to offer a CT scanner to meet every customer need.”

GE's latest CT scanner, the LightSpeed Ultra, continues to expand applications and enhance patient care, says the company. GE plans to continue to make significant investments in developing both the LightSpeed and EBT systems.




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