General Electric (GE), through its healthcare IT business, and Microsoft have announced several developments for their planned 50-50 joint venture. 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 the delivery of care by enabling health systems and professionals to use real-time, systemwide intelligence. The new company will develop and market an open, interoperable technology platform and collaborative clinical applications.
Microsoft and GE Healthcare are also announcing several Caradigm leaders who will serve under CEO-designate Michael Simpson once the new company is formed.
- Chief Medical Officer and Senior Vice President, Product Strategy: Dr. Brandon Savage, currently chief medical officer, GE Healthcare IT
- Chief Technology Officer and Senior Vice President, Engineering: Neal Singh, currently general manager of Microsoft Dynamics AX Global Financial Management
- Chief Operating Officer: Nigel Mason, currently director, GE Healthcare Commercial Centre of Excellence
- Chief People Officer: Tami Lamp, currently senior HR director, Microsoft
- General Counsel and Vice President: Warren Ratliff, currently chief counsel, GE Healthcare IT Knowledge & Connectivity Solutions
Caradigm’s board of directors will include executives from GE Healthcare and Microsoft:
- John Dineen, president and CEO, GE Healthcare
- Jan de Witte, president and CEO, GE Healthcare IT and Performance Solutions
- Kirill Tatarinov, president, Microsoft Business Solutions Division
- Amy Hood, corporate vice president and CFO, Microsoft Business Division
The two parent companies bring complementary expertise to this new venture and will contribute intellectual property, including the following:
- Microsoft Amalga, an enterprise health intelligence platform
- Microsoft Vergence, a single sign-on and context management solution
- Microsoft expreSSO, an enterprise single sign-on solution
- GE Healthcare eHealth, a Health Information Exchange
- GE Healthcare Qualibria, a clinical knowledge application environment being developed in cooperation with Intermountain Healthcare (Salt Lake City) and the Mayo Clinic