GE Foundation, a part of
General Electric Company
), along with GE Corporate Diversity Council recently announced
$500,000 in grants to two community health care centers in
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The fund is part of Developing Health plan, which is a
partnership between GE Corporate Citizenship and the GE Corporate
Diversity Council. Its main focus is to upgrade the medical
infrastructure and provide better patient care to underserved
communities across the globe. Each center will receive grants
totaling to $250,000 over a period of two years.
GE's Developing Health program continues to support primary care
with investment reaching $38.9 million for 108 health centers
since its inception in Oct 2009. This program is in sync with
GE's Developing Health Globally initiative to reduce costs,
improve quality and increase access to health care on a global
The two health centers, Neighborhood HealthSource - Fremont
Clinic and Southside Community Health Services, Inc. - Southside
Medical Clinic, aims to use the grant to improve the health care
facilities in the respective regions and enhance their resources.
The funding will be used to access primary care for the
unprivileged patients in the region.
GE Foundation focuses on areas such as health, education, the
environment and disaster relief and is primarily responsible for
the corporate social responsibility initiatives of its parent
company General Electric. Serving over 100 million customers
worldwide, General Electric 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 in the industry and are worth a look
Honeywell International Inc
Compass Diversified Holdings
), each carrying a Zacks Rank #2 (Buy).