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[[Mike Jones, VP Business Development Healthymaginaton Fund, GE Healthcare]]
[We announced today that GE Healthcare is forming a strategic relationship with a ]
[And as part of that strategic relationship, the Healthymagination Fund, ]
[which I'll talk about in a second, will also be investing--]
[making a minority equity investment--in CardioDx.]
[The Healthymagination Fund was launched at the end of ]
[last year just about the time that GE launched ]
[its overall Healthymagination initiative. ]
[We're not just looking to make investments in companies like ]
[a traditional venture capital investor might. ]
[We are looking for financial returns. ]
[But really we source our transactions]
[by first starting to try to find companies]
[that we can develop a strategic business relationship with.]
[And that can include product development, ]
[distribution, co-marketing of products.]
[But really, companies that we view, in a partnership form, can help facilitate our strategy. ]
[This fund is just another tool that we have ]
[to help advance what we're trying to do ]
[from an overall business perspective. ]
[CardioDx is a pretty good example of the type of companies that we'll work with. ]
[It's a private company based in California]
[genomic-based cardiology tests.]
[As you probably know, GE Healthcare has a ]
[fairly broad set of offerings]
[in and around cardiology diagnostics--]
[from our interventional imaging business to our MDX business]
[to healthcare systems and a lot of the]
[cardiology products we have. ]
[We saw an opportunity to work with CardioDx,]
[and, again, that's sort of led how we got to a place]
[where we got to making investments.]
[We started with what would be the business relationship with CardioDx.]
[work with them by adding the ]
[in vitro diagnostic capabilities of CardioDx with ]
[our traditional in vitro imaging]
[capabilities to really essentially help]
[caregivers come up with more]
[precise diagnostic decisions around cardiology. ]
[It's a fairly broad-based relationship,]
[and once we established the parameters of what that relationship would be, ]
[we then worked with our colleagues at the GRC and ]
[Healthymagination Fund to make the equity investment to help ]
[So, it's the first investment that we'll be making out of the fund.]
[We hope that there are many more to come. ]
[These things take some time to accomplish.]
[It's not so much the investment part]
[that takes the most amount of time, but it's really developing]
[a meaningful business realtionship between the partner companies and GE Healthcare. ]
