Microsoft Corp. And General Electric Co Share Plans for New Joint Venture

Microsoft Corp. and General Electric Co. (GE), through its healthcare IT business announced several developments for their planned 50-50 joint venture, including the intention to demonstrate future product capabilities at HIMSS12. The new company, to be named Caradigm, is expected to launch in the first half of 2012, pending regulatory approvals and customary closing conditions. Caradigm will be aimed at driving a paradigm shift in the delivery of care by enabling health systems and professionals to use real-time, systemwide intelligence to improve healthcare quality and the patient experience. Upon formation, the new company will develop and market an open, interoperable technology platform and collaborative clinical applications focused on enabling better population health management to improve outcomes and the economics of health and wellness.