GE HealthCare to buy AI healthcare firm Caption Health
GE HealthCare (NASDAQ:GEHC) announced on Thursday an agreement to acquire AI healthcare firm, Caption Health.
Terms of the deal were not disclosed. The transaction, subject to customary closing conditions, will be funded using cash on hand.
Caption Health has developed clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans. The deal supports GE HealthCare's (GEHC) $3B ultrasound business by adding AI-enabled image guidance to ultrasound device portfolios

GE HealthCare Ultrasound President and CEO Roland Rott said, "Caption Healthâs AI applications help enable reliable, consistent ultrasound examinations to deliver more precise diagnoses, improved treatment decision-making, and ultimately improved patient outcomes. This tuck-in acquisition will help expand affordable access to ultrasound imaging to novice users and is aligned with a broader shift to precision care globally."