General Electric Co. and Microsoft Corp. said
they completed the formation of Caradigm, the joint venture between the two
companies' health IT businesses.
In a news release, GE and Microsoft said the joint venture, which will use some of the companies' existing health technology products, will also develop an "open healthcare intelligence platform and collaborative clinical applications focused on enabling better population health management."
In a news release, GE and Microsoft said the joint venture, which will use some of the companies' existing health technology products, will also develop an "open healthcare intelligence platform and collaborative clinical applications focused on enabling better population health management."
The
companies also announced that Caradigm had named Lauren Salata, a former CFO
for Care Innovations, as chief financial officer and Michael Willingham as vice
president of quality assurance and regulatory affairs. Willingham previously
worked for Philips Healthcare.
Caradigm, led by former GE Healthcare executive Michael Simpson, is based in Bellevue, Wash.
"By forming Caradigm, we can offer innovative healthcare solutions, including an open platform and tools that enable software developers around the world to address the complexities of population health today," Simpson said in the release.
The venture was announced in December.
A spokeswoman said the joint venture has received regulatory approvals in the U.S., as well as in Canada, the European Union and China.
Caradigm, led by former GE Healthcare executive Michael Simpson, is based in Bellevue, Wash.
"By forming Caradigm, we can offer innovative healthcare solutions, including an open platform and tools that enable software developers around the world to address the complexities of population health today," Simpson said in the release.
The venture was announced in December.
A spokeswoman said the joint venture has received regulatory approvals in the U.S., as well as in Canada, the European Union and China.
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