CHALFONT ST. GILES, UK AND BURLINGTON, VERMONT, September 29, 2005 - GE Healthcare and IDX Systems Corporation announced today that they have entered into a definitive merger agreement for GE to acquire IDX, a leading healthcare information technology (IT) provider. Purchase price is approximately $1.2 billion, net of IDX cash and equivalents.

The combination of IDX with GE Healthcare will create a leading healthcare IT vendor, offering one of the most comprehensive suites of clinical, imaging and administrative information systems on the market.

"GE and IDX have a shared vision on how to accelerate the adoption of electronic health records across the globe," said Joe Hogan, president and CEO of GE Healthcare. "We are extremely excited about joining with IDX and believe that our combined offerings are in line with where healthcare is headed and match the needs of our customers."
"IDX has grown substantially in recent years and we believe our opportunities for continued growth and expansion will be best realized through the additional scale and resources that a company like GE can provide," said Jim Crook, chief executive officer of IDX. "As part of GE Healthcare, we believe we will be able to capitalize more fully on the rapidly expanding opportunities in the healthcare IT industry worldwide to fulfill our mission to make a difference in healthcare."

According to Vishal Wanchoo, president and CEO of GE Healthcare Information Technologies, "IDX's administrative, clinical and imaging information systems complement GE's rich clinically focused Centricity information technology offerings. Together, we will be able to offer a comprehensive set of solutions meeting almost every need a hospital, clinic or doctor's office has, allowing them to deliver the best quality of healthcare possible to their patients, and to manage their businesses optimally. GE Healthcare will help accelerate IDX's current solution development and deployment projects, which will benefit IDX customers and provide enhanced opportunities for IDX employees."

"Today brings together two leading healthcare IT companies. GE and IDX form the core of our IT systems. We're excited about the increased value they will bring as one company," said Jack Wolf, CIO of Montefiore Medical Center.

The transaction, which is subject to IDX shareholder and regulatory approvals, and other customary conditions, is expected to close by early 2006.

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