GE Healthcare, a division of
General Electric Company
), recently announced a 10-year comprehensive service agreement
with Sanford Health to support its growth and expansion of
healthcare capabilities. Sanford Health is the largest
not-for-profit rural health care system in the U.S.
GE Healthcare will collaborate with Sanford to generate $44.6
million in operational savings during its contract tenure. GE
Healthcare will deliver these operational savings by optimizing
clinical assets and proper lifecycle planning. It will also enable
Sanford to optimize workflow, utilize resources effectively,
increase reporting productivity and improve the accuracy of
GE Healthcare will maintain operations for Sanford's entire network
of 39 hospitals and 225 clinic locations as well as new centres.
Moving forward, Sanford aims to continuously invest significantly
over the next decade to expand care for varied healthcare needs.
With this partnership, GE Healthcare will further aid Sanford to
achieve its quality and safety outcome goals over the short as well
as long term. GE Healthcare's main focus will be to integrate
departments, standardize operations and ensure the right amount of
technology for patient care.
GE Healthcare provides transformational medical technologies and
services to meet the demand for increased access, enhanced quality
and affordable healthcare facilities across the globe. General
Electric, the parent company, is one of the most diversified
technologies and financial service corporations in the world. Its
segments include Power & Water, Oil & Gas, Energy
Management, Aviation, Healthcare, Transportation, Home &
Business Solutions, and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now include
Carlisle Companies Incorporated
Noble Group Limited
), each carrying a Zacks Rank #2 (Buy).
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