Media Reports: GE Explores Divesting Its Healthcare IT Business | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Media Reports: GE Explores Divesting Its Healthcare IT Business

October 27, 2017
by Heather Landi
| Reprints

According to multiple media reports, sources have reported that General Electric Co. (GE) is exploring selling off its transportation business and all or parts of its healthcare information technology business.

A Wall Street Journal article cites sources who say the Boston-based company is exploring options for the GE Transportation division, one of its oldest businesses. “GE is also seeking a buyer for part or all of its healthcare information technology business, known as Centricity, people familiar with the matter said,” according to the WSJ article.

The potential move could be part of new CEO John Flannery’s plans to divest more than $20 billion worth of assets in the next two years.

GE’s healthcare IT business provides software and technology tools for medical records and image management as well as human resource and payroll services. A Reuters article states, “GE’s healthcare IT business, which would likely have to be broken up into separate chunks in the event of a sale, assists with electronic medical records, healthcare workforce management, and hospital revenue cycle management. Some of its better-known brands include API Healthcare, which it acquired in 2014, and Centricity EMR.”

The business is part of GE’s sprawling healthcare business, which had revenue last year of $18.3 billion and spans magnetic imaging, medical diagnostics and drug discovery, the Reuters article reports.

What’s more, Reuters article states, “GE is looking to bounce back after what Flannery earlier this month called horrible results in the third quarter. He has argued that GE’s strong businesses are being held back by others that ‘drain investment and management resources without the prospect for a substantial reward.’”

2018 Boston Health IT Summit

Renowned leaders in U.S. and North American healthcare gather throughout the year to present important information and share insights at the Healthcare Informatics Health IT Summits.

August 7 - 8, 2018 | Boston

Topics

News

Study will Leverage Connecticut HIE to Help Prevent Suicides

A new study will aim to leverage CTHealthLink, a physician-led health information exchange (HIE) in Connecticut, to help identify the factors leading to suicide and to ultimately help prevent those deaths.

Duke Health First to Achieve HIMSS Stage 7 Rating in Analytics

North Carolina-based Duke Health has become the first U.S. healthcare institution to be awarded the highest honor for analytic capabilities by HIMSS Analytics.

NIH Releases First Dataset from Adolescent Brain Development Study

The National Institutes of Health (NIH) announced the release of the first dataset from the Adolescent Brain Cognitive Development (ABCD) study, which will enable scientists to conduct research on the many factors that influence brain, cognitive, social, and emotional development.

Boston Children's Accelerates Data-Driven Approach to Clinical Research

In an effort to bring a more data-driven approach to clinical research, Boston Children’s Hospital has joined the TriNetX global health research network.

Paper Records, Films Most Common Type of Healthcare Data Breach, Study Finds

Despite the high level of hospital adoption of electronic health records and federal incentives to do so, paper and films were the most frequent location of breached data in hospitals, according to a recent study.

AHA Appoints Senior Advisor for Cybersecurity and Risk

The American Hospital Association (AHA) has announced that John Riggi has joined the association as senior advisor for cybersecurity and risk.