N@N

GE and Intela?s Telehealth and Independent Living Company is Operational Today

^{Published on 2011-01-03 06:05:11 - Market Wire}
 

FAIRFIELD, Conn. & SANTA CLARA, Calif.--([ BUSINESS WIRE ])--GE (NYSE:GE) and Intel Corporation (NASDAQ:INTC) announced that Intel-GE Care Innovations LLC ("Care Innovations") is the name of their healthcare joint venture and that the company is operational starting today. Care Innovations will develop technologies that support healthy, independent living at home and in senior housing communities. The executive leadership team and board of managers are now in place to support the new companya™s transition and future growth.

"Our passionate leadership team and board of managers will help drive the business strategy necessary to improve quality of care and patient empowerment while helping reduce healthcare costs through new technologies."

The formation of Care Innovations follows the success of the healthcare alliance between Intel and GE, announced April 2009. Care Innovations, which combines assets and the expert teams and operations of both GE Healthcare's Home Health division and Intel's Digital Health Group, has received final regulatory clearances and is now fully operational. The jointly owned companya™s focus is to help address some of the largest issues facing society today, including the aging population, the growing number of people with chronic conditions, and increasing healthcare costs. The market segments for telehealth and home health monitoring are predicted to grow to an estimated $7.7 billion by 2012^[1].

aOur vision as we launch this exciting new company is for Care Innovations to positively affect millions of people by providing innovative products and services that will enable new models of care,a said Louis Burns, CEO of Care Innovations. aOur passionate leadership team and board of managers will help drive the business strategy necessary to improve quality of care and patient empowerment while helping reduce healthcare costs through new technologies.a

Burns is joined by an experienced senior leadership team with a breadth of knowledge in healthcare, business strategy, sales and marketing, and product development in the companya™s core focus areas: disease management, independent living and assistive technologies. The leadership team includes:

• Louis J. Burns, CEO
• Douglas F. Busch, Senior Vice President, Chief Operating Officer
• Lauren Salata, Vice President, Chief Financial Officer and Chief Compliance Officer
• Michael Bassett, General Manager of Assistive Technologies
• Becky Davis, Director of Corporate Marketing
• Eric Dishman, Director of Health Policy
• Aaron Duerksen, General Manager of Disease Management
• Bonnie Norman, Director of Quality Assurance and Regulatory Affairs
• James Pursley, General Manager of Independent Living
• Randall Swanson, Vice President, Business Operations

In addition to Burns, GE and Intel have also appointed four board members to Care Innovations to represent the interests of the parent companies. Senior Vice President of GE and President and CEO of GE Healthcare Systems, Omar Ishrak, is chairman of the board for the company. GE has also appointed Michael Jones, executive vice president of Business Development for GE International, as a board member. Intel board members include Robert Crooke, corporate vice president and general manager of Intela™s Atom and System-on-a-Chip Development Group (ASDG); and Patricia Murray, senior vice president and director of human resources.

Care Innovations markets remote patient monitoring, independent living concepts and assistive technologies, such as the Intel® Health Guide, Intel® Reader and GE QuietCare®. The company is also continuing to develop healthcare IT innovations which will help enable healthcare providers to drive toward lower costs and a higher quality of life for patients worldwide.

Visit [ www.careinnovations.com ] for more information.

[1] Combined data for United States and Europe.Data Monitor reports Telehealth spending North America and Telehealth spending 2007 a"2012

About GE Healthcare:

GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Ourbroad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvementand performance solutions services helpour customersto deliver better care to more people around the world at a lower cost. In addition, wepartnerwith healthcare leaders, striving toleverage the global policy change necessary to implementa successful shift to sustainable healthcare systems.

Our ahealthymaginationa vision for the future invites the world tojoin us on our journey as we continuously develop innovations focused on reducing costs, increasing accessand improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcareemployees are committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at [ www.gehealthcare.com/quietcare ].

For our latest news, please visit [ http://newsroom.gehealthcare.com ]

About Intel

Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the worlda™s computing devices. Additional information about Intel is available at [ www.intel.com/pressroom ] and [ blogs.intel.com ].

To learn more about Intel in health care, visit [ www.intel.com/healthcare ].