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Companies

Intel, GE to co-develop healthcare IT solutions

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.

 

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