GE, Microsoft finalize Caradigm joint venture

GE Healthcare and Microsoft have finalized the formation of their Caradigm joint venture after receiving regulatory approvals for the deal.

Caradigm is a 50/50 joint venture between the firms, with the goal of developing and marketing healthcare intelligence software and collaborative clinical applications. The firm is led by former GE executive Michael Simpson.

Formation of the joint venture was announced in December 2011.

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