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Fairfield, Conn.-based GE Healthcare has formed the so-called “GE Healthymagination Fund”, a new $250M equity fund that will invest in diagnostic, IT and life sciences technologies.
The formation of the fund is part of GE’s $6 billion Healthymagination initiative, a global commitment to deliver better healthcare to more people at lower cost. The fund will target imaging, home health, patient monitoring, molecular and other diagnostic tools, electronic medical records, and tools for research, development and manufacturing of biopharmaceuticals, stem cells and vaccines.
GE Chairman and CEO Jeffrey Immelt said in in a prepared statement, “In addition to providing growth capital and investment expertise, through this fund we offer entrepreneurs the opportunity to work directly with a global leader in healthcare technology in areas of mutual interest.”
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