GE Healthcare has completed the acquisition of VersaMed, a provider of portable critical care ventilators for respiratory care, GE announced this afternoon.
VersaMed’s product offering will expand GE’s capabilities in respiratory care management, offering healthcare professionals a choice of life support ventilators to meet a variety of patient needs and care settings, GE said.
Financial terms of the transaction were not disclosed.
The Pearl River, N.Y.-based VersaMed develops portable ventilators applicable to a range of care settings. VersaMed's flagship product, the iVent201 ventilator, is an intensive care-grade ventilator designed to be compact and portable, for use in hospitals for acute and sub-acute care, in emergency transport and in the home, GE said.
GE said its Clinical Systems business is a provider of respiratory care technologies, and the merger will offer its customers benefits through complementary product and service offerings.
“Respiratory care is a key area of growth for GE Healthcare and expanding our skill base and product offering in this area supports our vision of helping our customers meet a wide range of needs, wherever the care setting," said Omar Ishrak, president and CEO of GE Healthcare’s Clinical Systems business unit.