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April 02, 2018 01:00 AM

Veritas Capital to buy GE Healthcare's value-based care division

Rachel Z. Arndt
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    Private-equity firm Veritas Capital will buy GE Healthcare's value-based care division for $1.05 billion.

    The deal includes GE's revenue cycle, ambulatory care and workforce management software businesses. The cash deal is expected to close in the third quarter, according to GE.

    It's the latest in a series of GE divestitures as the behemoth looks to focus its work. GE Healthcare President and CEO Kieran Murphy said in a statement that the company plans to continue investing in smart diagnostics, connected devices and artificial intelligence, among other digital technologies.

    "We will continue to lead in data analytics, command centers, advanced visualization and image management tools," he said.

    In the analytics realm, Navicent Health announced in February it would work with GE Healthcare to improve its care-delivery model by drawing on GE Healthcare's analytics. It was the sixth risk-sharing, multi-year contract involving health systems that GE Healthcare entered into over the past two years.

    Last fall, GE Healthcare sold the identity and access management division of Caradigm to Imprivata.

    Soon after, GE CEO John Flannery announced he would be refocusing GE, centering efforts around healthcare, aviation and energy.

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    • News
      • Current News
      • COVID-19
      • Providers
      • Insurance
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      • Finance
      • Technology
      • Safety & Quality
      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Digital Health
    • Insights
      • ACA 10 Years After
      • Best Practices
      • Special Reports
      • Innovations
    • Data/Lists
      • Rankings/Lists
      • Interactive Databases
      • Data Points
    • Op-Ed
      • Bold Moves
      • Breaking Bias
      • Commentaries
      • Letters
      • Vital Signs Blog
      • From the Editor
    • Awards
      • Nominate/Eligibility
      • 100 Most Influential People
      • 50 Most Influential Clinical Executives
      • Best Places to Work in Healthcare
      • Excellence in Governance
      • Health Care Hall of Fame
      • Healthcare Marketing Impact Awards
      • Top 25 Emerging Leaders
      • Top 25 Innovators
      • Diversity in Healthcare
        • - Luminaries
        • - Top 25 Diversity Leaders
        • - Leaders to Watch
      • Women in Healthcare
        • - Luminaries
        • - Top 25 Women Leaders
        • - Women to Watch
    • Events
      • Conferences
        • Transformation Summit
        • Women Leaders in Healthcare Conference
        • Social Determinants of Health Symposium
        • Leadership Symposium
      • Galas
        • Health Care Hall of Fame Gala
        • Top 25 Women Leaders Gala
        • Best Places to Work Awards Gala
        • Top 25 Diversity Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Supply Chain Revenue Cycle
        • - Hospital at Home
        • - Workplace of the Future
        • - Strategic Marketing
        • - Virtual Health
      • Webinars
    • Listen
      • Podcast - Next Up
      • Podcast - Beyond the Byline
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      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • MORE +
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