General Electric (GE) and Intel Corp: Join for home health care products

Thursday saw the joining of two big companies, as General Electric (GE) and Intel Corp (INTC) said that they would form an alliance to develop and market home-health care technologies. They hope to be able to bring this to the chronically ill and senior citizens.

This deal has come to surface in the wake of a new health plan from the Obama administration, where they hope to improve the efficiency as well as lower the cost of health care; this is the Obama administration’s major priority. One such idea that the administration has in mind is a system called “telemedicine,” this will allow doctors to diagnose and then treat a problem remotely. This is certainly an area where Intel will be offering some help in.

The Wall Street Journal reported that following a broad market rally GE’s shares recently improved on the news and were up 6.5% at $10.82, Intel’s were also up 3.1% to $15.50. Intel has now been working hard for a number of years to build up its new business in health care.

You can rest assured that having a company like Intel on board, they will make certain that some of the best technology will be made available to the health care industry.