GE Healthcare, Intel Corporation (INTC) to Form New Healthcare Joint Venture
8/2/2010 11:16:06 AM
SANTA CLARA, Calif. & FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE: GE) and Intel Corporation have announced the entry into a definitive agreement to form a 50/50 joint venture to create a new healthcare company focused on telehealth and independent living. The new company will be formed by combining assets of GE Healthcare’s Home Health division and Intel’s Digital Health Group, and will be owned equally by GE and Intel. Pending regulatory and other customary closing conditions, the joint venture is expected to become operational by the end of the year. Financial terms were not disclosed.