January 4, 2006

 

GE Healthcare has completed its purchase of IDX Systems Corp., a Burlington, Vt., provider of health care information technology, for $1.2 billion.

 

The combination of IDX with GE Healthcare will create a major health care IT vendor, offering one of the most comprehensive suites of clinical, imaging and administrative information systems, including the creation and management of electronic medical records, GE Healthcare said.

 

The deal will combine with products and services offered by GE Healthcare Information Technologies to expand GE's IT offerings for health care providers, Vishal Wanchoo, president and chief executive officer of GE Healthcare Information Technologies, Milwaukee, has said.

IDX's administrative, clinical and imaging information systems complement GE's clinically-focused Centricity information technology offerings, Wanchoo said.

Under terms of the transaction, shareholders of IDX Systems (NASDAQ: IDXC) received $44 per share payable in cash in the merger, for a total consideration of approximately $1.2 billion, net of IDX cash and equivalents

London-based GE Healthcare is a unit of General Electric Co. (NYSE: GE), based in Fairfield, Conn. The unit manufactures medical imaging equipment through its GE Healthcare Technologies division in Waukesha and provides health care information technology products and services through its GE Healthcare Information Technologies division in Milwaukee, which is the former Marquette Medical Systems.