GE Medical Systems to Acquire Healthcare Data Mining Company
Source: GE Medical Systems
<%=company1%> (Milwaukee) has signed an agreement to acquire MECON Inc. (San Ramon, CA), a provider of Internet-based benchmarking and cost management solutions for healthcare systems.
"The future success of healthcare is all about productivity, and MECON has built a strong business around driving clinical and operational efficiency for health systems," said Jeffrey R. Immelt, GE Medical Systems president and CEO. "With its rapid movement to web-based offerings, MECON is an industry leader in data mining and healthcare informatics, and this transaction will further enable GE Medical to provide solutions to our customers' most critical economic issues."
MECON shareholders will receive $11.25 per share payable in GE stock.