Microsoft and General Electric Joint Venture, Caradigm

In the last ten years more companies have been motivated to create different ways to sell their products by adapting to the market according to the needs of their clients. Furthermore, some companies use to sign business agreements that are called Joint Venture. In  those agreements  both companies consider the activity that will be developed, a finite time, a new entity and new assets by contributing equity.

One of the best examples of Join Venture was in December 2011 General Electric and Microsoft Shared Plans for New Joint Venture, “Caradigm”.

When Microsoft Corporation and General Electric formed a joint venture which is a health IT company of its own kind. This their common objective was to improve patient experience and the economics of health and wellness through providing the health systems with required systemwide data and intelligence.

For one part General Electric Healthcare provided transformational medical technologies and services that are shaping a new age of patient care. Their broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

On the other hand Microsoft was committed to improving health around the world through software innovation. Over the past 16 years, Microsoft has steadily increased its investments in health, with a focus on addressing the challenges of health providers, health and social services organizations, payers, consumers and life sciences companies worldwide. Microsoft closely collaborates with a broad ecosystem of partners and develops its own powerful health solutions, such as Microsoft Amalga and Microsoft HealthVault. Together, Microsoft and its industry partners are working to deliver health solutions that enable better health outcomes for more people.