GE HealthCare has signed an agreement to acquire Caption Health, a developer of artificial intelligence (AI)-driven ultrasound technology.
The Caption Health technology—Caption AI—has been developed to detect signs of diseases such as heart failure in at-risk patients, potentially preventing hospitalisations and supporting improved clinical outcomes.
GE HealthCare Ultrasound president and CEO, Roland Rott said: “Guiding ultrasound users during examinations with the help of AI is of growing importance, especially as we reach a broader set of healthcare professionals. Caption Health’s AI applications help enable reliable, consistent ultrasound examinations to deliver more precise diagnoses, improved treatment decision-making, and ultimately improved patient outcomes. This tuck-in acquisition will help expand affordable access to ultrasound imaging to novice users and is aligned with a broader shift to precision care globally.”
Caption Health CEO Steve Cashman said: “We are incredibly proud of the technology we have built and together with GE HealthCare, look forward to bringing this technology to more patients across the globe. Combining our AI applications with GE HealthCare’s ultrasound devices will help accelerate our mission to detect disease earlier, when an easily obtained diagnostic image can be a great equaliser to health quality and outcomes. This will ultimately help us reduce costs and enhance care.”
As part of this acquisition, Caption Health will continue to provide management and administrative services to affiliated medical services providers (collectively referred to as Caption Care).
The completion of the transaction is subject to customary closing conditions. Financial terms of the transaction are not being disclosed. GE HealthCare intends to fund this transaction with cash on hand.