GE launches $250 million US$ Healthymagination capital fund

22.10.2009 13:05

New capital fund invests in promising healthcare technology companies

On October 21, 2009, GE (NYSE: GE) announced the launch of its “GEHealthymagination Fund”. The new capital fund invests in healthcare technology companies with high business potential. Capital is invested worldwide in companies that offer innovative diagnostics, IT and life sciences processes and are therefore in line with the strategic goals of the GE Healthymagination Initiative.

Healthcare companies that are involved in the development of particularly innovative business models and services in this area should also benefit from the fund's investments.

The fund's circulation is part of the 6 billion. US$ GE's Healthymagination Initiative, a global commitment by the company to help more people get better health care at lower costs. The Fund's investments will focus on three broad areas of expertise:

• Wide range of diagnostic procedures, including diagnostic imaging, home care, patient monitoring, molecular diagnostics, pathology, novel contrast agents and other methods for diagnosing medical conditions.

• Healthcare information technology, including electronic patient record collection and management, clinical information systems, healthcare electronic data transfer, and high value-added healthcare data services.

• Life Sciences, including tools for biopharmaceutical research and development, stem cell research and the production of biopharmaceutical products and vaccines. The fund will operate globally and will also have access to existing knowledge assets from GE Healthcare, GE Capital and GE Global Research.