Microsoft and General Electric Co. on Feburary 13, announced that their 50-50 joint venture will combine Microsoft's deep platform expertise with GE Healthcare's experience in clinical and administrative workflow solutions, will now be called "Caradigm," and will launch in the first half of 2012.
Microsoft also announced several developments for their planned 50-50 joint venture, including the intention to demonstrate future product capabilities at HIMSS12, later this month.
Caradigm will be aimed at driving a paradigm shift in the delivery of care by enabling health systems and professionals to use real-time, systemwide intelligence to improve healthcare quality and the patient experience. And, will develop and market an open, interoperable technology platform and collaborative clinical applications focused on enabling better population health management to improve outcomes and the economics of health and wellness.
Microsoft and GE Healthcare are also announcing several Caradigm leaders who will serve under CEO-designate Michael Simpson once the new company is formed. Named leaders are the following:
Microsoft and GE also announced Caradigm's board of director, whose CEO will be former GE exec Michael Simpson. Regulatory approval for the venture is still pending in the U.S. The European Commission antitrust authorities gave the new venture the green light on February 13.
Among the Microsoft technologies Microsoft is offloading to Caradigm are the Amalga data aggregation system for hospitals, and the Sentillion healthcare identity-management products. GE is contributing a couple of its healthcare software products to the new venture, as well.
The two parent companies bring complementary expertise to this new venture and will contribute intellectual property, including the following:
- Microsoft Amalga, an enterprise health intelligence platform
- Microsoft Vergence, a single sign-on and context management solution
- Microsoft expreSSO, an enterprise single sign-on solution
- GE Healthcare eHealth, a Health Information Exchange
- GE Healthcare Qualibria, a clinical knowledge application environment being developed in cooperation with Intermountain Healthcare (Salt Lake City) and the Mayo Clinic