GE Healthcare to Acquire Unisyn Probe Repair Business

GE Healthcare (Waukesha, WI, USA) as agreed to buy the Unisyn Medical Technologies (Golden, CO) Transactional Business, which includes their probe repair, multimodality parts, and test equipment businesses.

Transactional Business tests and evaluates ultrasound probe failures with the proprietary FirstCall probe-testing device, a patented technology that provides objective measures of performance through testing of the acoustic and electrical properties of ultrasound probes. With the acquisition, GE Healthcare will be able to provide repair in-house for customers. The acquisition will also drive cost savings on fulfillment of existing service contracts, increase the percentage of customers who purchase service contracts, expand on demand service (ODS) of GE probes, and serve multivendor probe customers.

Under the terms of the agreement, for which financial terms were not disclosed, Transactional Business would be integrated into GE Healthcare’s global services organization and offered initially to customers in the United States and Canada; global expansion is expected to start by the end of 2013. The agreement will enable GE healthcare to sell a customer a product with full lifecycle service, helping draw repeat sales. Additionally, GE healthcare will have the opportunity to capture some of the USD 185 million probe-repair business. As part of the agreement, Unisyn’s Diagnostic Imaging Field Services business will operate independently under a new name.

“The combination of Unisyn’s repair expertise and GE’s scale will provide value by meeting customers’ needs with a fast, cost-effective, and reliable probe repair solution,” said Mike Swinford, president and CEO of Global Services for GE Healthcare. “We see this as a tremendous opportunity to further grow our ultrasound and services footprint globally, and look forward to providing our customers a cost effective solution at every step of the Ultrasound product lifecycle.”

“Our ultimate goal at Unisyn is to deliver value for our customers and together with GE our transactional business is positioned to do this better than ever before,” said Jeff Soinski, CEO of Unisyn Medical Technologies. “Through this acquisition, GE Healthcare will now be able to offer customers a complete probe repair solution spanning across multiple vendor platforms as well as a broad portfolio of on-demand offerings to meet customers’ unique needs.”

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Unisyn Medical Technologies