Microsoft has inked a deal with General Electronics, for a 50-50 joint venture in the healthcare IT domain.?
The two companies will also be putting up a joint demonstration of their future products in the forthcoming edition of the HIMSS12 - one of the biggest healthcare IT trade shows in the world.
According to Microsoft, the new company, dubbed Caradigm is currently waiting approval by regulators and is expected to launch some time during the first half of 2012.
Both the stake holders in the new company have said that Caradigm will be devoted to facilitate the health care business, as well as professionals. This will also be a perfect platform to utilise systemwide, real-time intelligence for enhancing the overall patient experience and health care quality.
The new company will be focusing on the development and marketing aspects of an interopearable and open platform, to enable a much improved health management service, Microsoft has claimed.
"We have an exciting opportunity to transform healthcare globally with an established open platform and a new generation of applications focused on population health," Michael Simpson, CEO of Caradigm said in a?statement.
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