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GE HEALTHCARE TO ACQUIRE CAPTION HEALTH TO EXPAND AI-GUIDED ULTRASOUNDS

by Fred Pennic 02/10/2023 Leave a Comment

What You Should Know:



– GE HealthCare acquires Caption Health, Inc., a privately owned artificial
intelligence (AI) healthcare leader that creates clinical applications to aid in
early disease detection, using AI to assist in conducting ultrasound scans.

– The acquisition supports GE HealthCare’s $3B Ultrasound business by adding
AI-enabled image guidance to ultrasound device portfolios. In addition, it
aligns with strategy to deliver precision care and expands access to new
ultrasound users and clinical uses.

FDA-Cleared AI-Guided Ultrasound Technology



Founded in 2013, Caption Health delivers AI systems that empower healthcare
providers with new capabilities to acquire and interpret ultrasound exams. With
Caption AI applications, ultrasound examinations can be easier and faster,
enabling a broader set of healthcare professionals to conduct basic
echocardiogram exams. This technology can help detect signs of diseases like
heart failure in at-risk patients across doctors’ offices, the home, and
alternate sites of care, potentially preventing hospitalizations and supporting
improved clinical outcomes.

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”). By providing trained technicians
across the country equipped with the Caption Health AI technology to perform
cardiac ultrasounds in alternate sites of care and, in the future, in the
comfort of patient’s homes, Caption Care service is intended to support early
diagnosis and detection before diseases like heart failure become more difficult
to treat.

Karley Yoder, Chief Digital Officer, Ultrasound at GE HealthCare, who will
integrate Caption Health into the broader digital ecosystem of GE HealthCare,
said, “We couldn’t be more excited to partner with the Caption Health team to
increase access and accelerate growth of ultrasound. Caption Health will first
be integrated in the Point of Care and Handheld business portfolio to advance
ultrasound adoption, with expanded future use cases as well.”

Financial terms of the acquisition are not being disclosed and GE HealthCare
intends to fund this acquisition with cash on hand.

Tagged With: AI, Artificial Intelligence, Caption Health, FDA, GE healthcare,
Healthcare Mergers & Acquisitions, Heart, point of care, risk, Ultrasound

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