GE Creates $250M Equity Fund to Invest in Healthcare Technology Companies
Summary
NYSE-listedannounced the creation of a $250m equity vehicle that will make investments in healthcare technology companies.The GE Healthymagination Fund will invest in promosing companies with innovative diagnostic, IT, and life sciences technologies and developing unique business models and services.The fund will target three broad areas for investment: – Broad-based Diagnostics, including imaging, home health, patient monitoring, molecular diagnostics, pathology, novel imaging agents and other technologies for disease diagnosis.– Life Sciences, including tools for research and development in biopharmaceuticals and stem cells, and technologies for manufacturing of biopharmaceuticals and vaccines.The creation of the new vehicle is part of GE’s $6bn Healthymagination initiative, a global commitment to deliver better healthcare to more people at lower cost.
Funding
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