Microsoft and GE Healthcare announced today they’ve received regulatory approval for Caradigm, their 50-50 joint venture healthcare IT business.
That completes the formation of the venture, which will develop and market a healthcare intelligence platform and collaborative clinical applications aimed at enabling better population health management.
The intent is to combine Microsoft’s strengths in developing large-scale data platforms with GE Healthcare’s expertise in building health-care applications. The idea is to create systems that would allow health-care organizations to better track individual patients, as well as to take advantage of the ability to bring together, and make sense of, large amounts of data. The hope is also to deliver better care at lower costs.
Caradigm will be located in Bellevue’s City Center Bellevue, with additional presences in Salt Lake City; Andover, Mass.; Chevy Chase, Md.; and other cities around the world. It is expected to employ about 750 people, with about 600 in the first year.
Its CEO will be Michael Simpson, formerly vice president and general manager at GE Healthcare IT. Its chief medical officer and senior VP of product strategy is Dr. Brandon Savage, formerly chief medical officer of GE Healthcare IT. Caradigm today also announced the appointments of Lauren Salata, formerly of Care Innovations, as CFO; and Michael Willingham, formerly of Philips Healthcare, as quality assurance and regulatory affairs executive.