GE Healthcare to Acquire Swedish Medical Company

by Medindia Content Team on June 21, 2006 at 6:58 PM Corporate News

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GE Healthcare to Acquire Swedish Medical Company

General Electric Co is to buy Swedish medical company Biacore to complement its own healthcare division GE Healthcare, the two companies have announced.

The Fairfield, Connecticut-based GE will purchase Biacore, which specialises in instruments for medical research, for 3.22 billion Swedish kroner ($438 million).

Pharmaceutical company Pfizer Inc, which holds a 41 percent stake in Uppsala, Sweden-based Biacore, supports the bid, according to GE.

"We are extremely excited about Biacore's prospects," GE Healthcare chief executive Joe Hogan said in a statement. "Our joint offerings will create added value for our customers in biomedical and drug discovery research."

(Source: IANS News)

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Dear Sirs, We are in the field of repair and maintenance of different instruments controlled by Microprocessor Circuits. We have been also service Franchiser of LG and Samsung all Consumer Electronics Products in Bihar. We like to diversify our activities in the field of Bio-Medical Instruments. Please let us know if you are interested in entrusting us with Sales and after sales service of medical instruments dealt by you in the state of Bihar and Jharkhand. Thanking you, M/s A to Z Care Sanjay Bhadani A-71, Krishna Apartment Boring Road,Patna-13 BIHAR (INDIA) Ph-0612-2571520 Mob.-9934488565 E-mail- atoz_care@yahoo.com

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GE Healthcare to Acquire Swedish Medical Company

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