Intel-GE Care Innovations, a recently formed joint venture between GE Healthcare and Intel Corp. is now fully operational, according to a news release from the two companies.
Intel, GE's Care Innovations launches
Based in Sacramento, Calif., Care Innovations will target the fast-growing independent-living market with a range of devices and services. For instance, the company will offer Intel Reader, a mobile assistive device, and GE Healthcare's QuietCare, a remote patient monitoring tool.
In August, GE Healthcare and Intel announced an agreement to form the joint venture, and the two companies will have equal ownership of Care Innovations, according to the release. The decision followed an April 2009 announcement that the two companies had formed an alliance focused on telehealth services, chronic disease management and assistive technologies.
"Our vision as we launch this exciting new company is for Care Innovations to positively affect millions of people by providing innovative products and services that will enable new models of care,” Louis Burns, former vice president and general manager of Intel's Digital Health Group, and Care Innovations' CEO, said in the release.
Other newly named members of the Care Innovations' leadership team include Douglas Busch, senior vice president and chief operating officer, and Lauren Salata, who was appointed vice president, chief financial officer and chief compliance officer.
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