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January 30, 2010
EMIRATES: GE Healthcare in largest medical diagnostic, healthcare service jv
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DUBAI, United Arab Emirates / Zawya.com / Business / Healthcare / January 30, 2010
Strategic alliance will design, develop and implement a regional platform for the delivery of healthcare services
Initial focus on Egypt and Saudi Arabia, followed by a greater regional expansion
GE Healthcare, the healthcare business subsidiary of General Electric Company (GE)General Electric Company (GE), has signed a strategic alliance agreement with Gulf Capital, one of the largest private equity firms in the Gulf, to develop the largest regional chain of medical diagnostic and healthcare service centers. GE Healthcare will offer strategic support to Gulf Capital's healthcare portfolio company investments, and the two companies will collaborate closely to roll out and grow these investments into regional platforms offering world-class services.[rc]
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