GE HealthCare (Nasdaq:GEHC) announced today that it signed an agreement to acquire AI healthcare technology developer Caption Health.
The companies declined to disclose the financial terms of the deal.
Caption Health creates clinical applications to aid in early disease detection. The company’s technology uses artificial intelligence (AI) to assist in conducting ultrasound scans. This technology can make ultrasounds easier and faster while detecting signs of diseases like heart failure.
“Guiding ultrasound users during examinations with the help of AI is of growing importance, especially as we reach a broader set of healthcare professionals,” said GE HealthCare Ultrasound President and CEO Roland Rott. “Caption Health’s AI applications help enable reliable, consistent ultrasound examinations to deliver more precise diagnoses, improved treatment decision-making, and ultimately improved patient outcomes.”
Cashman added that t…