"Our areas of focus will include cardiac diseases, oncology, and mother and child care," said Bresenham, according to the Times of India.

GE will assist the startup with scaling its technology for global markets.


Five.eight will also let the startups it works with make use of GE's Innovation Network programming and resources around the globe.

This is the latest in GE's ongoing global healthcare investment strategy. In mid-2015, for example, it announced plans to invest $1 billion over five years in the development of its educational offerings, to reach more than two million health care professionals worldwide by 2020, according to a statement at the time.

“Our focus is to develop meaningful, relevant education solutions that will help health care professionals create long-term value and positive measurable impact. By combining our heritage in medical technology, health care IT, software and life sciences, we can provide enhanced learning, insights and best practices that can make a real difference,” said Mario Lois, General Manager, Global Education Services at GE Healthcare.

GE Healthcare's interest in data-focused technology was also in the news this year when GE Healthcare Partners, the company's global management consulting sector, entered a five-year partnership with ThoughtWire to help health systems and hospitals implement new digital tools with the goals of improving access to complex care, cutting turnaround times for lab and radiology results, and reducing wait times in the emergency department along with the length of stay in the hospital.

“Partnerships like this are increasingly common and probably essential for the next era of health care transformation,” Jeff Terry, managing principal at GE Healthcare Partners, told HCB News at the time.

Back to HCB News

Business Affairs Homepage