On February 9, 2023, GE HealthCare, a leading global precision care innovator, announced that it has signed an agreement to acquire Caption Health, Inc., a privately owned artificial intelligence (AI) healthcare leader that creates clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans. Financial terms of the transaction are not being disclosed. Wilson Sonsini Goodrich & Rosati advised Caption Health on the acquisition.  

With Caption AI applications, ultrasound examinations can be easier and faster, enabling a broader set of healthcare professionals to conduct basic echocardiogram exams. This technology can help detect signs of diseases like heart failure in at-risk patients across doctors’ offices, the home, and alternate sites of care, potentially preventing hospitalizations and supporting improved clinical outcomes.

As part of the acquisition, Caption Health will continue to provide management and administrative services to affiliated medical services providers (collectively referred to as “Caption Care”). By providing trained technicians across the country equipped with the Caption Health AI technology to perform cardiac ultrasounds in alternate sites of care and, in the future, in the comfort of patients’ homes, Caption Care service is intended to support early diagnosis and detection before diseases such as heart failure become more difficult to treat. Caption Health also has a strong development pipeline of AI software, including innovative technology for the use of ultrasound in pulmonary applications.

The Wilson Sonsini team that advised Caption Health on the transaction includes:

M&A
Jason Breen
Broderick Henry
Orlando Hodges
Amanda Hartman

Corporate
Steven Bochner
Melissa Rick
Amy Simmerman
James Griffin-Stanco
TJ Tingjie Li

Technology Transactions
Adam Shevell
Keien Williams
Danielle Bass

Employee Benefits and Compensation
Sriram Krishnamurthy
Matthew Norgard
Emma Wilcox
Toni Hodge

Employment Law
Briza Sanchez
Allison Ivey

Privacy
Matthew Staples
Haley Bavasi
Daniel Chen
Hale Melnick
Michael O’Brien

Tax
Myra Sutanto Shen
Anthony Yanez

Patents and Innovations
Vern Norviel
Ashley Garcia
Joseph Lesniewski

Regulatory
Eva Yin

Antitrust
Michelle Hale
Todd Hahn
Evan Moore

For more information, please see the companies’ news release.