GE Healthcare To Invest Additional $27.5M In ‘InSightec’

Elbit Medical Technologies announced that its subsidiary InSightec has signed a memorandum of understanding with GE Healthcare, which will invest $27.5 million in the company. The agreement follows an investment of $13.5 million that Insightec secured from GE Healthcare in February. The latest investment will be in the form of a loan convertible to shares. Insightec develops MR guided focused ultrasound devices for the treatment of uterine fibroids, tumors and neurological disorders.