UNITED KINGDOM – GE Healthcare has announced a 10-year partnership with Circle Health Group, a UK-based independent healthcare provider.
The partnership agreement aims to enable Circle’s clinicians to make faster, more targeted, and more informed decisions in diagnosing, treating, and monitoring patients through intelligent devices, data analytics, and other services,
According to a news release, Circle Health and GE Healthcare hope to improve patient outcomes across Circle’s national network of more than 50 hospitals in the United Kingdom.
As per the agreement, GE Healthcare will supply medical equipment from its portfolio to Circle Health’s national network of 50 hospitals in the United Kingdom, as well as installation, services, consulting, and financing.
Circle is the largest independent healthcare provider in the United Kingdom, where the government’s National Health Service predominates.
“When we acquired BMI Healthcare last year, we pledged to set new standards for patient care by investing in cutting-edge technology and empowering our highly-skilled clinicians,” Circle Health CEO Paolo Pieri said, adding that “Our partnership with GE Healthcare is a major step towards realizing that ambition.”
GE Healthcare will provide a variety of medical equipment over a 10-year period, as well as approximately US$70 million in financing for the acquisition of the equipment from GE Healthcare Financial Services.
GE will also collaborate with construction contractors on equipment installation to ensure that it is designed around the needs of Circle’s clinicians, and the agreement includes an exclusive servicing contract to maintain all of Circle’s medical imaging equipment, including technology not supplied by GE.
Circle is still in the process of integrating the IT systems acquired in the 2020 acquisition of BMI Healthcare, with GE providing digital consulting on that as well as the integration of electronic patient records.
In November, Boston-based GE announced plans to split into three separate companies covering aviation, energy, and health care.
GE’s proposed separation is being advised by Paul, Weiss, Rifkind, Wharton & Garrison and Gibson, Dunn & Crutcher.
Meanwhile, General Electric Co. has announced that Frank Jimenez will take over as general counsel for its health care division on February 21, succeeding the company’s recently departed legal chief.
Jimenez, who retired in December after two years as general counsel for what is now Raytheon Technologies Corp., will lead the global law and policy teams at Chicago-based GE Healthcare, according to the company.
He succeeds Michael McAlevey, who worked for GE for 24 years in a variety of capacities. McAlevey left earlier this year to become chief legal officer for HCA Healthcare Inc., a health care facility operator based in Nashville, Tennessee.
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