GE Healthcare announces USD300m to support Emerging Market health

 23-Sep-15, Business Wire 

GE Healthcare, the $18 billion healthcare technology division of GE, has announced the creation of a new business unit, Sustainable Healthcare Solutions (SHS), that will develop high-value, low-cost technologies and healthcare delivery solutions across multiple care settings.

The new organization will invest $300 million as part of a multi-phase effort to develop a more robust affordable healthcare portfolio for customers. The unit will combine GE Healthcare’s operations in India, South Asia, Africa and Southeast Asia.

Image: GE Healthcare

With the vision to improve access to quality and affordable health around the world, SHS will work with governments, clinicians, private operators and NGOs to deliver value-based solutions aimed at improving outcomes for health systems and patients.

GE Healthcare has a long track record in innovations for emerging markets. For example, its handheld ultrasound device Vscan Access+ and Lullaby+ infant warmer are improving outcomes in remote rural settings in maternal infant care.

The low-cost healthcare equipment sector alone is now estimated to be worth over $8 billion and growing significantly.

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