October 31, 2008
GE Healthcare Acquires Vital Signs
GE Healthcare, a unit of General Electric Company, has completed the acquisition of Vital Signs, a provider of medical products applicable to a wide range of care areas such as anesthesia, respiratory, sleep therapy and emergency medicine.
Vital Signs will become part of GE Healthcare's clinical systems business, a provider of advanced technologies for patient monitoring, anesthesia delivery and acute respiratory care. The strong strategic fit between the two businesses is expected to offer substantial customer benefits through complementary product and service offerings.Omar Ishrak, president and CEO of GE Healthcare's clinical systems business, said: "We believe that combining the skills and knowledge of the two companies will create significant added value for our customers, bringing new technologies to healthcare professionals worldwide.
"Clinical Systems is a key area of growth for GE Healthcare and expanding our skill base and product offering in this area supports our vision of helping clinicians and nurses deliver the best possible care to their patients."