Intel, GE to co-develop healthcare IT
NEW YORK – In April, Intel and
General Electric announced that they will spend $250 million over five
years to develop new healthcare technology, such as health IT and home
health care monitoring tools, the Wall Street Journal reported.
In recent years, Intel has emphasized technology that monitors sick or
aging people at home and then transfers their information to physicians
over the Internet.
The Journal reported that Intel’s choice of GE is a “logical” move,
noting that Intel needs a partner to break into the market further and
that GE also will benefit from the partnership.
In a September meeting, GE Healthcare CEO John Dineen said that although
IT represented less than 10% of its business, it would be major part of
the company’s future growth.
Reuters/Boston Globe reports that GE’s healthcare business represented
US$2.9 billion of the company’s US$17.4 billion in sales in 2008.