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Business News – November 2008

GE enters home healthcare monitoring market

GE Healthcare, a business of General Electric Co., is entering a potential USD 5 billion international market providing health monitors for the elderly who live alone. GE Healthcare announced recently an agreement with privately held Living Independently Group Inc., a provider of a wireless monitoring system to distribute monitors to seniors and develop new applications. Financial terms were not disclosed.

Omar Ishrak, President and Chief utive of GE Healthcare's clinical systems business, said the market for home monitors is now valued at about USD 500 million, but could grow to as much as USD5 billion in 10 years. The monitors, which are attached to walls in homes and assisted living centres, track the movement of elderly people who live alone, providing alerts if seniors fall or have medical emergencies.

The industrial and commercial conglomerate also is banking on future applications that could advance the technology. GE's Global Research Centre in Niskayuna, N.Y., will work to develop monitors that track a person's weight and blood pressure, follow a senior's slowing walk and collect other data used for disease management. “If you look into the future, more and more care is provided in the home, though this market is small now,” Ishrak said. “The opportunity for growth is there.”

Wockhardt to open 7 hi-tech hospitals

Wockhardt Hospitals Ltd. (WHL), part of the INR 3,000 crore Wockhardt Group, is planning to expand its operations across the country. The company will open seven new super speciality hospitals at major locations across the country and increase the bed capacity of some of its existing super speciality hospitals with an investment of INR 700 crore by 2010.

Currently, the company has 17 super speciality hospitals with over 2,000 in-patient beds across the country, four in Bangalore, three in Mumbai, two each in Nagpur, Hyderabad and Kolkata, and one each in Rajkot, Surat, Bhavnagar and Nashik.

After the expansion, total number of in-patient beds of the hospital will rise to 3,700.

Anil V Kamath, managing director, Wockhardt Hospitals, said, “We are planning for a pan-India presence in the next two years with commencement of operations in tier II cities. We will open seven new super speciality hospitals in Bhopal, Central Mumbai, Goa, Kolkata, Jabalpur, Varanasi and Bhuj by 2010.”

Trivitron Healthcare launches 'Pride' series

Chennai-based Trivitron Healthcare has announced the launch of its Pride Series, an array of “innovative” products researched and designed for the Indian health industry.

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