In a concerted effort to boost its portfolio in software, data
and analytics, diversified conglomerate
General Electric Company
) recently completed the acquisition of operating room (OR)
management and analytics solutions provider CHCA Computer Systems
Inc. The acquisition, which is in line with General Electric's
Industrial Internet strategy, will augment its Healthcare segment
with complementary offerings.
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Montreal, Canada-based CHCA has radically improved productivity
and patient satisfaction in the OR by providing real-time data to
support the decision-making and management of surgical procedures
through indigenously built Opera software application.
The acquisition is the second of its kind by General Electric
after its strategic purchase of healthcare workforce analytics
firm API Healthcare. Headquartered in Hartford, WI, API
Healthcare offers staffing and scheduling; patient
classification; human resources; talent management; payroll; time
and attendance; business analytics; and staffing agency solutions
to over 1,600 hospitals and staffing agencies in the U.S. It was
rated the best staffing and scheduling solution provider in 2012
by KLAS, an independently owned and operated company that aims to
improve healthcare technology by measuring vendor performance for
With labor costs accounting for more than half of the operating
budgets of hospitals, it has become critically imperative to
improve efficiencies through real-time access and proper
utilization of operational data. API Healthcare's solutions are a
strategic fit in this regard and expand GE Healthcare's Hospital
Operations Management portfolio. These services save billions of
dollars in aggregate costs by eliminating unnecessary delays
through immediate intervention and prompt action to eliminate
patient flow bottlenecks.
General Electric is one of the most diversified technologies and
financial service corporations in the world. The company's
segments include Power & Water, Oil & Gas, Energy
Management, Aviation, Healthcare, Transportation, Appliances
& Lighting, and GE Capital. GE Healthcare has expertise in
medical imaging and information technologies, medical
diagnostics, patient monitoring systems, disease research, drug
discovery and biopharmaceutical manufacturing technologies.
General Electric currently has a Zacks Rank #4 (Sell). Other
companies in the industry that warrant a look include
Federal Signal Corp.
) with a Zacks Rank #1 (Strong Buy), and
), both of which have a Zacks Rank #2 (Buy).