GE Healthcare, a division of General Electric Company (GE - Analyst Report), recently entered into an agreement with HealthTrust to provide infant care solutions to hospitals that are members of the latter.
The newly signed agreement leverages GE Healthcare’s expertise in the healthcare segment to offer products such as incubators, warmers and phototherapy technology for advanced patient safety and infant care. The healthcare industry has experienced solid growth over the past couple of years and is poised for further growth in the near term.
GE Healthcare offers solutions that help clinicians in all settings of the hospital, including the Neonatal Intensive Care Unit (NICU), to provide life-saving care every day for patients. Additionally, GE Healthcare will also provide clinical applications training to member hospitals of HealthTrust.
GE Healthcare Life Care Solutions (LCS) is designed to provide healing touch to critically ill newborns in the NICU. The company aims to provide clinical excellence to all hospitals and support patient safety at affordable prices.
General Electric is one of the most diversified technology and financial service corporations in the world, competing with industry big wigs such as Crane Co. (CR - Snapshot Report) and Macquarie Infrastructure Company LLC (MIC - Snapshot Report). Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE Healthcare has expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery and biopharmaceutical manufacturing technologies.
General Electric currently has a Zacks Rank # 3 (Hold). One of its competitors, Tyco International Ltd (TYC - Analyst Report) carries a Zacks Rank #2 (Buy).