The new business unit will invest around $300m to develop high-value, low-cost technologies and healthcare delivery solutions across multiple care settings.

GE Healthcare president and CEO John Flannery said: "Much of the world’s population is without adequate healthcare, and innovations that can create better patient outcomes in a sustainable way are urgently needed.

SHS has been created to cover around 70 markets, including India, South Asia, Southeast Asia and Africa.

The new organization will collaborate with governments, clinicians, private operators and NGOs to deliver value-based solutions for health systems and patients.

SHS unit president and CEO Terri Bresenham said: "SHS will leverage GE’s Fastworks methodology to accelerate, test and rapidly commercialize relevant, affordable technologies."

GE Healthcare has developed handheld ultrasound device Vscan Access+ and Lullaby+ infant warmer for emerging markets. They will help in improving outcomes in remote rural settings in maternal infant care, a major focus area for most of the emerging markets.

The firm offers medical imaging, software and IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions.

In August, GE signed an agreement to divest its $8.5bn of healthcare-related loans and Healthcare Financial Services (HFS) US lending business to Capital One for around $9bn.

Image: GE’s Sustainable Healthcare Solutions will cover around 70 markets across the globe. Photo: courtesy of Kookkai_nak/