GE health unit buys Swedish start-up Prismatic Sensors, bolstering key medical imaging business

Advertisement

BEGIN ARTICLE PREVIEW:

Larry Culp, CEO, General ElectricScott Mlyn | CNBCGE Healthcare announced Friday it is acquiring Swedish start-up Prismatic Sensors AB, bolstering its key medical imaging business.Prismatic Sensors AB was founded in 2012 as a spin-off from KTH Royal Institute of Technology in Stockholm, Sweden. It makes detectors for medical x-ray imaging.GE Healthcare, a subsidiary of General Electric, said the start-up’s technology offers sharper images with fewer doses of radiation to patients. It has the potential to be a “substantial step forward” in detecting cancer, heart disorders and other diseases, the company said, declining to disclose the terms of the deal.The company said the acquisition fits within its mission to help medical workers deliver more precise diagnoses and detect diseases earlier.The technology could eventually be used to detect cancers at an earlier stage, GE Healthcare CEO Kieran Murphy said in an interview with CNBC, adding the company has had a stake in the start-up since 2017. “Clinically, it’s a huge leap forward. This is the cutting edge.””From the first x-ray machines to the first photon counting CT prototype, GE Healthcare is committed to pioneering next generation technologies to achieve precision health and improve lives,” he added in a statement.GE …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE