GE Healthcare, has created a new business organization called “Sustainable Healthcare Solutions” (SHS) that will invest $300 million to develop high-value low-cost technologies and healthcare delivery solutions across multiple care settings in the world.
The low cost healthcare equipment sector alone is now estimated to be worth over $8 billion and growing significantly as developing countries continue to invest in effective long-term healthcare solutions.
For example, several innovations have been developed to use in maternal infant care such as the handheld ultrasound device Vscan Access+ and Lullaby to use in remote rural settings to care for babies.
SHS will combine GE Healthcare’s operations in India, South Asia, Africa, and Southeast Asia and will work with governments, clinicians, private operators, and NGOs to deliver value-based solutions.
“SHS will take a start-up model approach by rapidly testing new ideas, products, and services to maximize effectiveness for customers before we scale up,” said Terri Bresenham, President and CEO of the SHS unit. “SHS will combine GE healthcare’s capabilities and scale with the local know-how and expertise of our partners in India, Asia, and Africa.