“A Minneapolis company that specializes in MRI technology, Steady State Imaging, is being acquired by GE Healthcare. Steady State Imaging sells software for installation on existing MRI machines to detect tendons, ligaments and other tissues that can’t be seen in conventional scans.
Terms of the deal were not disclosed.
CEO Danny Cunagin said the sale to GE Healthcare will help the company commercialize the technology, which is licensed from the University of Minnesota. “It was really the strategy from day one, to cross this bridge to get to where we are,” Cunagin said.”