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GE Medical Systems

This article was originally published in The Gray Sheet

Executive Summary

Healthcare Financial Services unit will acquire Comdisco's healthcare leasing portfolio, including diagnostic equipment, for $165 mil. GEMS will also assume $45 mil. in related secured debt; Comdisco sought protection under Chapter 11 in July 2001 and has until April 15 to submit a reorganization plan to the U.S. Bankruptcy Court. Separately, launch of the 1k x 1k mobile fluoroscopic digital OEC 9800 Plus system, announced April 8, is expected to reduce costs by shortening procedure times and lowering x-ray doses, GEMS claims...
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