WAUKESHA, WISCONSIN – April 14, 2011 – GE Healthcare, a unit of General Electric Company (NYSE: GE) today announced it has acquired the assets of Steady State Imaging (SSI), a Minneapolis based company that develops novel magnetic resonance imaging (MRI) technology. The terms of agreement were not disclosed.
Through this acquisition, GE Healthcare’s Magnetic Resonance Imaging business expands its current advanced technology portfolio with the addition of the
“The acquisition of SSI is very much aligned with GE’s healthymagination initiative to measurably reduce cost, improve quality and increase access to technology for more people,” said Jim Davis, vice president and general manager of GE Healthcare’s global MR business. “We are excited at the prospect of implementing SSI’s technology and continue to invest in innovations that will have an impact on our customers and their patients.”
“We are delighted that our technology is now in the very capable hands of GE, a company with significant technical and marketing capabilities,” said SSI CEO, Danny Cunagin. “Our shareholders unanimously approved the sale and are very excited. We look forward to learning how our technology will be commercialized by GE in the future.”
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