CHALFONT ST. GILES, England & NEW YORK--(BUSINESS WIRE)--GE Healthcare, a unit of General Electric Company (NYSE:GE), announced today that it has entered into a distribution and technology collaboration agreement with Living Independently Group, Inc. a leading provider of telecare and passive monitoring systems used to assist in the care of seniors. GE Healthcare will distribute and co-market Living Independently’s QuietCare® products globally. As part of the agreement, the companies will utilize GE’s Global Research Center and its advanced work in clinical parameters and monitoring algorithms to drive innovation in the field of remote patient monitoring and diagnostics. GE Healthcare will also take a minority ownership stake in Living Independently. Financial terms were not disclosed.
