GE Healthcare, a unit of industrial giant General Electric (NYSE: [[ticker:GE]]), said today it has agreed to acquire Issaquah, WA-based Applied Precision for an undisclosed amount. Applied Precision makes super high resolution microscopes with software and data visualization tools for biomedical researchers. Applied Precision had $37 million in revenue in 2010, has been growing 20 percent a year, and has 130 employees, according to a statement from GE Healthcare. “The worldwide resources of GE Healthcare will allow us to significantly widen our reach into new markets and provide a stronger support network for our existing customers,” Applied Precision CEO Joe Victor said in a statement.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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