GE Healthcare has formed an equity investment fund to invest in promising healthcare technology companies.
The $250 million Healthymagination Fund will invest globally in companies that have diagnostic, IT, and life sciences technologies aligned with the strategic objectives of GE's Healthymagination initiative, according to GE of Chalfont St. Giles, U.K. The fund will also support healthcare companies developing innovative and unique business models and services, GE said.
GE said it would target three broad areas for investment:
- Broad-based diagnostics (including imaging, home health, patient monitoring, molecular diagnostics, pathology, novel imaging agents, and other technologies for disease diagnosis)
- Healthcare IT (including electronic medical records, clinical information systems, healthcare information exchanges, and value-added data services)
- Life sciences (including tools for R&D in biopharmaceuticals and stem cells, and technologies for manufacturing of biopharmaceuticals and vaccines)
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