PRESS RELEASE
GE, Microsoft to Launch Joint Venture Aimed at Global Healthcare System Transformation
- 50/50 JV combines Microsoft’s deep platform expertise with GE Healthcare’s experience in clinical and administrative workflow solutions
- Solutions will provide healthcare professionals access to real-time intelligence and innovative technologies to improve patient care, increase efficiency, address evolving healthcare landscape
- Launch expected in first half of 2012
BARRINGTON, Ill. and REDMOND, Wash. - December 8, 2011 – General Electric Company (NYSE: GE), through its healthcare IT business, and Microsoft Corp. (NASDAQ: MSFT) today announced plans to create a joint venture aimed at helping healthcare organizations and professionals use real-time, system-wide intelligence to improve healthcare quality and the patient experience. Upon formation, the new company will develop and market an open, interoperable technology platform and innovative clinical applications focused on enabling better population health management to improve outcomes and the overall economics of health and wellness.