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
Syringe Pump
SP50 Series
Fetal Monitor
BT-380
Latest Business News
- Robotic Single-Port System Gains CE Mark for Transvaginal Gynecologic Procedures
- Smartphone-Integrated Epinephrine Auto-Injector Concept Wins Red Dot Design Award
- Partnership Advances AI Tool for Predicting Malignant Cerebral Edema
- First U.S. Commercial Cases Demonstrate New Approach to Transseptal Access
- Philips and Imricor Collaboration Advances MRI-Guided Cardiac Procedures
- FDA Approval Clears Path for BCI Integration with Personal Computing Devices
- Abbott LAA Occluder Gains CE Mark for AFib Stroke Risk Reduction
- Smart Hospital Market Set for Strong Growth as Digital Healthcare Adoption Accelerates
- FDA Seeks Feedback on Regulating Generative AI Medical Devices
- Teledyne to Acquire Varex Imaging in $1.1 Billion Deal
- MIMEDX to Add Sanara MedTech’s Regenerative Technologies Through $350 Million Deal
- 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
Channels
Artificial Intelligence
view channel
AI-Powered ECG Model Gains FDA Authorization for Emergency Cardiac Assessment
Powerful Medical’s PMcardio Queen of Hearts (ACS AI ECG Model) has received U.S. Food and Drug Administration (FDA) De Novo authorization, announced on September 15, 2026. The model is designed to identify... Read more
Explainable AI Tool Identifies High-Risk Patients Before Heart Attack Reperfusion
Intramyocardial hemorrhage is bleeding within the heart muscle that can occur after blood flow is restored during heart attack treatment. It affects about 40% of patients treated for ST-segment elevation... Read more
Critical Care
view channel
AI Approach Helps Identify Materials for More Reliable Wearable Electronics
Wearable health monitors and electronic skin must maintain stable performance while being stretched and bent. Molecular single crystals are promising for such stretchable electronics, yet the microscale... Read more
Scotland Adopts Respiratory Infection Control Guidance Informed by Aerosol Research
Preventing respiratory infection transmission in hospitals remains a core patient and staff safety priority. Many precautions have hinged on the assumption that certain clinical interventions create high-risk... Read more
Surgical Techniques
view channel
Hydrogel Dermal Supports Healing of Complex Wounds After Cancer Surgery
Full-thickness skin defects following cancer excision challenge reconstructive teams because grafts and flaps can add donor-site morbidity and prolong recovery. These wounds are common on cosmetically... Read more
FDA Clears Integrated Platform for Real-Time Cardiac Imaging and Catheter Guidance
Catheter-based treatment of cardiac arrhythmias relies on precise, real-time visualization and navigation for safe, accurate therapy delivery. Yet electrophysiology teams often use separate imaging, mapping,... Read more
Patient Care
view channel
EHR Model Flags High-Risk Periods in Patients with Metastatic Breast Cancer
Determining when patients with metastatic breast cancer are nearing the end of life remains difficult, often leading to intensive interventions with limited benefit. Prognostic uncertainty can delay goals-of-care... Read more
Virtual Reality Helps Claustrophobic Patients Complete Cardiac PET/CT Scans
Anxiety and claustrophobia—intense fear of confined spaces—often prevent patients from completing cardiac positron emission tomography/computed tomography (PET/CT). Aborted scans delay diagnosis, consume... Read more
Medical Imaging
view channel
Structure-Aware AI Aims to Improve Reliability of Medical Image Analysis
Clinicians increasingly rely on medical imaging to guide diagnosis and treatment, but machine learning systems used to analyze these images can be unreliable and difficult to interpret. Small, heterogeneous... Read more
PSMA PET/CT Helps Guide Pre-Biopsy Decisions in Prostate Cancer
Prostate cancer evaluation often begins with prostate-specific antigen (PSA) testing, but elevated levels are not specific to cancer and can lead to unnecessary biopsies. These procedures carry risks of... Read more
AI Models Evaluated for Spotting Ischemic Stroke Lesions on Routine MRI
Rapid detection of ischemic stroke on brain MRI is essential because treatment benefit declines with time. Many centers first acquire contrast-free MRI FLAIR sequences because they are quick and broadly... Read more
Noninvasive MRI Spectroscopy Classifies Pediatric Medulloblastoma Molecular Subgroups
Medulloblastoma, the most common malignant pediatric brain tumor, requires precise molecular classification to guide therapy and predict outcomes. Current subgrouping typically depends on surgical sampling... Read moreHealth IT
view channel
Registry-Driven Digital Outreach Boosts Use of Heart Failure Medicines
Heart failure affects more than 64 million people worldwide and is linked to high mortality, reduced quality of life, and heavy healthcare use. Although sodium-glucose cotransporter 2 inhibitors are proven... Read more
Nurse-Coordinated Care Model Improves Heart Failure Outcomes
Heart failure imposes heavy mortality, morbidity, and cost burdens worldwide, yet proven therapies remain underused in routine practice. This inadequate uptake contributes to preventable hospitalizations... Read more
Point of Care
view channel
Microneedle Patch Enables At-Home Monitoring of Acute Kidney Injury
Kidney disease is often silent in its early stages, making timely detection difficult outside clinical settings. Early biomarkers such as neutrophil gelatinase–associated lipocalin can require blood draws... Read more
