GE May Sell Spacelabs to Meet Concerns of European Regulators
|
By HospiMedica staff writers Posted on 31 Jul 2003 |
|
In order to get regulatory approval from the European Commission (EC) for its proposed US$2.3 billion acquisition of Instrumentarium (Helsinki, Finland), GE Medical Systems (Waukesha, WI, USA) is rumored to be considering the sale of Spacelabs (Bothell, WA, USA), a division of Instrumentarium.
Spacelabs was acquired by Instrumentarium in July 2002. The company makes and markets products for emergency and critical care, including monitoring and anesthesia equipment, as well as perioperative, neonatal, and obstetrical products. In 2002, the company had total revenues of $242 million.
GE is a major global supplier of medical imaging systems. The company's 2001 sales were $8 billion. By 2005, GE is aiming for sales to grow to about $15 million.
The European Commission has voiced its concerns that once combined, GE and Instrumentarium would have a large share of patient monitoring devices and imaging equipment used in hospitals and might be able to squeeze out smaller suppliers. The deadline for any proposals from GE is in mid-August. US regulators have not yet approved the deal, either.
Related Links:
Instrumentarium
GE Medical Systems
Spacelabs
Spacelabs was acquired by Instrumentarium in July 2002. The company makes and markets products for emergency and critical care, including monitoring and anesthesia equipment, as well as perioperative, neonatal, and obstetrical products. In 2002, the company had total revenues of $242 million.
GE is a major global supplier of medical imaging systems. The company's 2001 sales were $8 billion. By 2005, GE is aiming for sales to grow to about $15 million.
The European Commission has voiced its concerns that once combined, GE and Instrumentarium would have a large share of patient monitoring devices and imaging equipment used in hospitals and might be able to squeeze out smaller suppliers. The deadline for any proposals from GE is in mid-August. US regulators have not yet approved the deal, either.
Related Links:
Instrumentarium
GE Medical Systems
Spacelabs
Gold Member
Neonatal Heel Incision Device
Tenderfoot
Multi-Chamber Washer-Disinfector
WD 390
POC Respiratory/Sore Throat Test
BIOFIRE SPOTFIRE (R/ST) Panel
Latest Business News
- AI Software Combines Nodule Detection and Diagnosis for Lung Cancer Screening
- AI Care Platform Adds Quantitative MRI Analysis for Multiple Sclerosis
- Danaher Completes Acquisition of Masimo to Expand Patient Monitoring Capabilities
- Endologix Adds FDA-Cleared Peripheral Thrombectomy System
- Artivion Adds FDA-Approved NEXUS System to Aortic Arch Portfolio
- Olympus Partnership Aims to Expand Access to Robot-Assisted Endoscopic Therapy
- Johnson & Johnson Launches AI-Driven Cardiac Mapping System
- Proximie Advances AI-Driven Intelligent Operating Rooms with NVIDIA Collaboration
- GE HealthCare, DeepHealth Expand AI Breast Imaging Collaboration
- Sinocare Presents AI-Driven Integrated Digital Health Solutions at CMEF
- GE HealthCare and Medtronic Expand Alliance with Intraoperative Imaging Integration
- New Partnership Advances Physical AI into Perioperative Workflows
- External Liver Assist System Receives FDA RMAT Designation
- New Partnership Expands Access to Predictive Tool for Patient Monitoring
- GE HealthCare Leads Major European Initiative to Advance Cardio-Oncology Care
- Medtronic and GE HealthCare Broaden Alliance Across Monitoring and Care Solutions
Channels
Artificial Intelligence
view channel
New Study Highlights Benefits and Risks of AI Explanations in Clinical Diagnosis
Explainable artificial intelligence is increasingly used in tools that help clinicians and patients assess skin disease, but its explanations can influence decisions and contribute to overreliance or error.... Read more
AI Improves Bronchoscopic Navigation to Difficult-to-Reach Lung Lesions
Lung cancer is a leading cause of cancer mortality, and early detection improves survival. Reaching small, peripheral lung tumors for biopsy remains difficult because bronchoscopic navigation depends on... Read more
Critical Care
view channel
Wearable Patch Enables Continuous Noninvasive Cholesterol and Triglyceride Monitoring
Cholesterol and triglyceride testing typically relies on phlebotomy and intermittent lipid panels, limiting real-time assessment of cardiovascular and metabolic risk. Noninvasive monitoring could reduce... Read more
Stretchable Catheter Could Reveal High-Risk Plaque Before It Causes a Heart Attack
Fatty plaque can build up inside arteries and restrict blood flow, but not all deposits pose the same threat. Some remain stable for years, while others become unstable and may rupture, triggering clots... Read more
Biomass-Derived E-Skin Patch Enables Smart Wound Care and Wireless Health Monitoring
Chronic and acute wounds require dressings that maintain moisture, prevent infection, and support timely intervention, yet monitoring remains largely intermittent and subjective. Long-term wear on fragile... Read more
Surgical Techniques
view channel
Resorbable Mesh Evaluated to Prevent Incisional Hernias After Abdominal Surgery
Incisional hernia is a common complication after abdominal surgery and can necessitate additional interventions and prolonged recovery. Preventive strategies remain limited, and there are currently no... Read more
Combination Therapy Before Surgery Drives Stronger Tumor Reduction in Head and Neck Cancer
Patients with head and neck cancer who are scheduled for surgery often face a waiting period with limited treatment, creating an opportunity to reduce viable tumor burden before the operation.... Read more
Patient Care
view channel
AI Avatar Doctor Improves Patient Understanding Before Radiotherapy
Radiation oncology consultations require patients to grasp complex concepts quickly, yet anxiety and information overload often undermine understanding and informed consent. Poor comprehension can also... Read more
Wearable Sleep Data Predict Adherence to Pulmonary Rehabilitation
Chronic obstructive pulmonary disease (COPD) is a long-term lung disorder that makes breathing difficult and often disturbs sleep, reducing energy for daily activities. Limited engagement in pulmonary... Read more
Medical Imaging
view channel
New AI Method Improves CT Images by Reducing Metal Artifacts
Computed tomography (CT) is essential for diagnosis and image‑guided treatment, yet high‑density metals such as dental fillings, orthopedic hardware, and stents create beam hardening and photon starvation... Read more
MRI-Guided Ultrasound Method Advances Targeted Treatment of Gliomas
Gliomas, the most common primary brain tumors in adults, include glioblastoma, the deadliest form of brain cancer. Drug delivery is hampered by the brain’s blood-brain barrier, limiting treatment efficacy... Read more
Health IT
view channel
Digital Symptom Monitoring Supports More Personalized Breast Cancer Care
Metastatic breast cancer, in which tumors spread to other organs, is incurable but increasingly managed with modern systemic therapies. As more treatments shift from hospital infusions to oral or at-home... Read more
Short Digital Training Program Improves Motor Function in Parkinson’s Disease
Parkinson's disease causes motor symptoms that interfere with movement and daily activities. Drug treatment is standard care, yet additional approaches are needed to target motor control.... Read more
Point of Care
view channel
Rapid Onsite Testing Reduces Emergency Department Transfers in Long-Term Care
Respiratory infections in long-term care residents frequently trigger emergency department transfers that strain hospital capacity and expose frail patients to additional risks. Turnaround delays from... Read more
