GE invests $250 million in health care technology fund, and more
Ever since it started as Edison General Electric, whenever GE points towards the future by investing money in new research, it usually becomes the future. Recently, GE invested vast sums of dollars into renewable energy and water purification, and today the world is coming along. So GE's healthcare division last week announced it had set aside $250 million for investments in partnerships with healthcare information technology and diagnostics companies. GE is keen to capitalise on the makeover of the US health system as championed by President Barack Obama. It has also announced it plans to completely redesign its own 75,000-strong US employee healthcare plan, in an effort to increase the importance of preventative approaches.
Read more: BusinessWeek