REDMOND, Wash., and BARRINGTON, Ill. — June 6, 2012 — General Electric Co. (NYSE “GE”), through its healthcare IT business, and Microsoft Corp. (Nasdaq “MSFT”) today announced they have completed the formation of Caradigm™, a 50-50 joint venture aimed at enabling health systems and professionals to use real-time, organization-wide intelligence to improve healthcare quality and the patient experience.

Caradigm will develop and market an open healthcare intelligence platform and collaborative clinical applications focused on enabling better population health management to improve outcomes and the economics of health and wellness. Plans for the joint venture were first announced on Dec. 7, 2011, and the final agreement was completed on June 1, 2012.

http://www.microsoft.com/en-us/news/Press/2012/Jun12/06-06CaradigmPR.aspx