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GE acquires ultrasound transducer maker
GE Medical Systems announced Oct. 18 that it is acquiring Phoenix-based Parallel Design, a supplier of ultrasound transducers. Although terms of the transaction were not released, GEMS said in a press release that it expects that the addition of Parallel
GE Medical Systems announced Oct. 18 that it is acquiring Phoenix-based Parallel Design, a supplier of ultrasound transducers.
Although terms of the transaction were not released, GEMS said in a press release that it expects that the addition of Parallel Design will allow the company to exceed $750 million in ultrasound revenue in 2001. GE said it expects approximately $660 million in ultrasound revenue in 2000.
Parallel's president and CEO, Mehmet Salahi, will continue as head of the acquired company, which will remain in Phoenix. Both companies expect the transaction to be finalized by the end of the year.
New CT Angiography Study Shows Impact of COVID-19 on Coronary Inflammation and Plaque
February 5th 2025Prior COVID-19 infection was associated with a 28 percent higher progression of total percent atheroma volume (PAV) annually and over a 5 percent higher incidence of high-risk plaque in patients with coronary artery lesions, according to CCTA findings from a new study.
