IBM Corp. and the University of Pittsburgh Medical Center announced an eight-year, $402 million information technology development agreement. The two-part agreement includes a $352 million re-engineering of UPMC's IT infrastructure to a so-called "on-demand" environment geared toward innovation. In the second component, IBM and UMPC said they will jointly invest an initial $50 million and up to $200 million in strategic initiatives to develop medical technologies and information systems in such areas as electronic patient records, biosecurity and information-based medicine. The companies will collaborate to commercialize the initiatives. In another expansion into the healthcare field, IBM on Tuesday announced it will acquire IT consultant Healthlink, Houston, for undisclosed terms. -- by Cinda Becker
IBM, Pa. system sign eight-year development pact
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