GE Launches US$250 Million Healthymagination Fund

GE has announced the formation of the “GE Healthymagination Fund”, an equity fund that will make investments in promising healthcare technology companies. The fund will invest in companies globally that have innovative diagnostic, IT, and life sciences technologies that are aligned with the strategic objectives of the initiative. The fund will also support healthcare companies that are developing innovative and unique business models and services.

The formation of the fund is part of the company’s US$6 billion Healthymagination initiative, a global commitment to deliver better healthcare to more people at lower cost. The fund will target three broad areas for investment:

· Broad-based Diagnostics, including imaging, home health, patient monitoring, molecular diagnostics, pathology, novel imaging agents and other technologies for disease diagnosis.

· Healthcare Information Technology, including electronic medical records, clinical information systems, healthcare information exchanges and value-added data services.

· Life Sciences, including tools for research and development in biopharmaceuticals and stem cells, and technologies for manufacturing of biopharmaceuticals and vaccines.