GE to Invest $300M in Sustainable Healthcare Solutions

(3BL Media/Justmeans) – A large part of the world lives without adequate healthcare, and many emerging economies are looking for support from experienced partners to help build skills, capacity, and effective healthcare solutions for their people. Innovations in healthcare that can create better patient outcomes in a sustainable way are urgently needed.

Looking into this inherent need to support the global healthcare ecosystem, GE has announced the creation of a new business unit, Sustainable Healthcare Solutions (SHS). The new unit will invest $300 million as part of a multi-phase effort to develop a more robust and affordable healthcare portfolio. The unit will integrate GE Healthcare’s operations in India, South Asia, Africa and Southeast Asia.

SHS will develop high-value, low-cost technologies and healthcare delivery solutions across multiple care settings. The unit will engage with clinicians, private operators, governments and nonprofits to deliver these solutions aimed at improving outcomes for patients and health systems. John Flannery, president and CEO of GE Healthcare, said that this reinforces the company’s commitment to help attain the UN’s new 2030 Sustainable Development Goals.

Terri Bresenham, president and CEO of GE Healthcare’s Sustainable Healthcare Solutions unit, added that SHS will leverage the company’s Fastworks methodology to accelerate, test and rapidly commercialize relevant, affordable technologies. This ‘start-up’ model approach will enable it to rapidly test new ideas, products and services to maximize effectiveness for customers before scaling up.

From basic primary care delivery through to more complex, structural healthcare challenges, SHS will aim to combine GE Healthcare’s capabilities and scale with the local know-how and expertise of its partners across Africa, Southeast Asia, India and South Asia, which represent a population of about 5.8 billion.

Source: 247wallst.com

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