GE to buy monitor firm Vital Signs

GE Healthcare has inked a deal to acquire patient monitoring, anesthesia, and respiratory care products provider Vital Signs for $860 million.

GE will pay $74.50 per share in cash for the Totowa, NJ-based company. The deal is subject to approval from Vital Signs shareholders, regulatory approval, and customary closing conditions. The deal is expected to close in the fourth quarter of 2008.

Upon closure of the deal, Vital Signs will become part of the Chalfont St. Giles, U.K.-based vendor's clinical systems business.

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