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Companies
GE’s healthymagination reports on
first year
 FAIRFIELD, Conn. –
A year after its launch, GE’s healthymagingation program has invested
US$700 million in 24 innovative products and $250 million in an equity
fund focused on growing healthcare technology companies.
Healthymagination is GE’s six-year, $6 billion commitment towards better
health for more people by decreasing costs, improving quality and
increasing access to healthcare.
“Healthymagination works to address some of today’s greatest global
health challenges with new technologies and solutions,” said Mike Barber
(pictured), vice president, healthymagination. “We’ve made some good
progress in year one and will look to build on this success in year two,
with an increased global focus including IT solutions for real-time
clinical decision support; developing more products targeted to local
needs at affordable price points; and, bringing better health solutions
to remote and under-served communities.”
Year One Progress:
• GE invested $700 million in R&D toward healthymagination innovations;
• GE increased its healthymagination portfolio to 24 product
innovations, on target for 100 innovations by 2015, including the
portable handheld Vscan ultrasound and low-cost Brivo CT;
• GE partnered with Intel and the Mayo Clinic for a year-long study
evaluating the benefits of remote monitoring devices for home-based
patient care;
• Launched “Developing Health,” a three-year $25 million program
providing grant funding and volunteer support to non-profit health
centers in the U.S.;
• Joined with Eli Lilly to develop technology that could enable faster,
cheaper and smarter cancer therapies.
To view the healthymagination Annual Report visit:
www.healthymagination.com/report.
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company
taking on the world’s toughest challenges. From aircraft engines and
power generation to financial services, health care solutions, and
television programming, GE operates in more than 100 countries and
employs about 300,000 people worldwide. For more information, visit the
company’s Web site at www.ge.com. Our
“healthymagination” vision for the future invites the world to join us
on our journey as we continuously develop innovations focused on
reducing costs, increasing access and improving quality and efficiency
around the world. Healthymagination is a $6 billion commitment that was
launched in May 2009.
Posted June 3, 2010
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