GE Healthcare Commits $300 Mln to Create New Business Unit

GE Healthcare, the healthcare technology division of GE (GE), said it has created a new business unit, Sustainable Healthcare Solutions, that will develop high-value, low-cost technologies and healthcare delivery solutions across multiple care settings.

Advertisement

The new organization will invest $300 million as part of a multi-phase effort to develop a more robust affordable healthcare portfolio for customers. The unit will combine GE Healthcare’s operations in India, South Asia, Africa and Southeast Asia.

Sustainable Healthcare Solutions will serve Bangladesh, Bhutan, Brunei, Cambodia, India, Indonesia, Laos, Malaysia, Maldives, Myanmar, Nepal, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam, as well as 54 countries in Africa.

GE shares are down 0.4% at $25.02, with a 52-week range of $19.37 – $28.68.

Price: 25.02 Price Change: -0.09 Percent Change: -0.36

Previous articleTeleCommunication Systems Awarded $68 Mln Contract for Department of Defense Cybersecurity Training
Next articleAmyris Seals Deal Worth Up to $35 Mln With DARPA
An engineer by degree and blogger by choice. Interested in writing the latest updates happening around the world. Loves to binge watch tv-series and movies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here