GE Healthcare acquires U of M startup

GE Healthcare has acquired Steady State Imaging (SSI), a University of Minnesota startup that aims to improve the functionality of MRI technology. The SWIFT method, developed by a team led by Dr. Michael Garwood, associate director of the Center for Magnetic Resonance Research, is better able to image tendons, ligaments and other tissues that may be missed by conventional MRI methods.

“The acquisition of SSI is very much aligned with GE’s healthymagination initiative to measurably reduce cost, improve quality and increase access to technology for more people,” said Jim Davis, vice president and general manager of GE Healthcare’s global MR business, in a statement. “We are excited at the prospect of implementing SSI’s technology and continue to invest in innovations that will have an impact on our customers and their patients.”

The technology will add value to GE Healthcare’s Magnetic Resonance Imaging business, while helping move University research to the marketplace.

“The fact that a startup company based on University of Minnesota technology is being acquired by an industry leader like GE Healthcare is tremendous news,” said Tim Mulcahy, vice president for research at the University of Minnesota. “This not only helps fulfill our mission of moving researcher inventions to the public domain as quickly as possible, it also validates the innovative work of Dr. Garwood and his co-inventors at the University’s Center for Magnetic Resonance Research.”

Click here to read the news release from GE Healthcare.

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