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GE Medical Systems and Critikon Finalize Agreement to Merge Operations.

Merger Provides Caregivers With Real-Time Access to Vital Signs Data Anywhere

In the Hospital

MILWAUKEE, Wis. and TAMPA, Fla., Dec. 27 /PRNewswire/ --

Today, GE Medical Systems Information Technologies and Critikon, a leading provider of subacute patient monitoring, noninvasive blood pressure technologies and blood pressure cuffs, announced that the Companies have finalized an agreement to merge their operations in the U.S. and Mexico. Prior to the merger, Critikon was owned by Liberty Partners and a group of investors. The terms of the agreement were not disclosed.

"We are pleased to welcome Critikon employees to our team and unite their expertise in noninvasive blood pressure technologies with our real-time hospital-wide information solutions," said Gregory Lucier, president and CEO of GE Medical Systems Information Technologies. "Our merger joins industry-leading technologies for noninvasive blood pressure monitoring, ECG algorithms and enterprise-wide clinical information systems, which will help create a new gold standard for providing patient data to clinicians as they deliver care."

Critikon will operate under the name GE Medical Systems Information Technologies and maintain its operations in the U.S. and Mexico. GE and Critikon expect to receive regulatory approvals in Europe in the next 60 days.

The merger expands upon the global strategic alliance formed between GE and Critikon in December of 1999, which included the joint development and worldwide distribution of the Companies' technologies. Through this alliance, GE and Critikon were able to complete technology integration and create a global distribution network.

Michael Genau, previously executive vice president and general manager of Critikon, is named global general manager, Subacute Systems for GE Medical Systems Information Technologies.

"Because of our long-standing alliance relationship with GE, we have a foundation today that will allow us to rapidly deliver new, integrated technology solutions to caregivers," said Genau. "Our DINAMAP(R) noninvasive blood pressure technology is a perfect complement to GE's broad offering of patient monitoring and enterprise-wide clinical information systems. Together, our technologies create an information management solution that provides caregivers with real-time access to vital signs from anywhere in the hospital."

About GE Medical Systems Information Technologies

GE Medical Systems Information Technologies is a global leader in providing solutions for the reliable and efficient acquisition, analysis and management of patient data in healthcare facilities around the world. The Company's offerings include cardiology, patient monitoring, image management, enterprise-wide clinical information systems and performance management services. GE Medical Systems Information Technologies is a GE Medical Systems Company with global headquarters in Milwaukee, Wis. Additional information can be found on the Company's web site at http://www.gemedicalsystems.com

GE Medical Systems is a $7 billion global leader in medical technology and services, employing nearly 20,000 people worldwide.
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Publication:PR Newswire
Date:Dec 27, 2000
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