GE to Acquire IDX for $1.2 Billion

In a move that will create a leading vendor of healthcare information technology (IT), GE Healthcare (Chalfont St. Giles, UK) has agreed to acquire IDX Systems Corp. (Burlington, VT, USA) for around U.S.$1.2 billion.

IDX Systems is a leading developer of healthcare information technology (IT). When combined with GE's IT systems, the software of IDX will provide a comprehensive suite of clinical, imaging, and administrative information systems that can be used to form one central electronic medical record (EMR), also known as electronic health record (HER). EMRs are intended to improve patient care and patient safety while reducing costs.

"GE and IDX have a shared vision on how to accelerate the adoption of electronic health records across the globe,” said Joe Hogan, president and CEO of GE Healthcare. "We are extremely excited about joining with IDX and believe that our combined offerings are in line with where healthcare is headed and match the needs of our customers.”

"As part of GE Healthcare, we believe we will be able to capitalize more fully on the rapidly expanding opportunities in the healthcare IT industry worldwide to fulfill our mission to make a difference in healthcare,” said Jim Crook, CEO of IDEX. Systems from IDEX are installed at more than 3, 400 customer sites around the world.





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