GE Healthcare announced that it has signed a letter of intent with LifeWatch AG (SIX Swiss Exchange: LIFE), a leading developer and provider of medical solutions and remote diagnostic monitoring services in the digital health market.
The two companies intend to explore the possibility of a long-term strategic relationship in a few possible ventures including use of GE algorithms and exclusive distribution of LifeWatch’s monitoring services in the USA and possible other markets. The intended relationship is subject to the signing of a definitive cooperation agreement.
About GE Healthcare
GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world. GE (NYSE: GE) works on things that matter – great people and technologies taking on tough challenges. From medical imaging, software & IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions, GE Healthcare helps medical professionals deliver great healthcare to their patients. For more information about GE Healthcare, visit our website at www.gehealthcare.com.