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GE Launches Healthcare Solutions for Emerging Markets

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GE Healthcare, a part of General Electric CompanyGE recently announced the creation of Sustainable Healthcare Solutions (SHS), a new business unit for the expansion of GE Healthcare's affordable healthcare portfolio and for providing business innovations in emerging markets.

SHS is expected to cover 70 markets across Africa, South East Asia and India with a focus on increasing access to sustainable healthcare for 5.8 billion people. SHS aims to work with local governments, clinicians and partners to deliver value-based solutions aimed at improving outcomes for patients. This new organization is likely to invest $300 million to develop a more affordable healthcare portfolio for customers with the development of high value, low-cost technologies. The organization's main focus will be to integrate departments, standardize operations and ensure the availability of the right technology for patient care.

The strategic move by GE Healthcare is to capitalise on the rapidly expanding $8 billion low-cost healthcare equipment sector in developing countries while also supporting the implementation of the new 2030 Sustainable Development Goals of the UN (United Nations).

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 is one of the largest and most diversified technology and financial services corporations in the world with products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products. 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 #4 (Sell). Other stocks that look promising include Lockheed Martin Corporation LMT Engility Holdings, Inc EGL and Northrop Grumman Corporation NOC , all carrying a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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