RTTNews | Sep 23, 2021 11:42AM EDT

11:42 Thursday, September 23, 2021 (RTTNews.com) - General Electric Company (GE) is trading 5% higher on Thursday after the company said has agreed to buy BK Medical from Altaris Capital Partners for $1.45 billion. BK Medical specializes in intraoperative imaging and surgical navigation in minimally invasive and robotic surgeries. According to reports, the company has around 650 employees. The transaction is planned to close in 2022. "This transaction helps GE Healthcare continue to expand beyond diagnostics into surgical and therapeutic interventions, simplifying decision-making for clinicians and equipping them with greater insights to deliver faster, more personalized care for their patientsrepresenting another step toward delivering precision health," said GE Healthcare President and CEO Kieran Murphy. The shares are trading hands at $103.51, up $4.97 or 5.05%, since the previous close at $98.54. The shares opened at $99.53 in the morning. In the 52-week period, the shares have ranged between $48.00 and $115.36 per share.

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