GE (NYSE: GE) announced today it has completed the acquisition of API Healthcare, a healthcare workforce management solutions provider, headquartered in Hartford, WI.
API Healthcare's complementary offerings will expand GE Healthcare's current Hospital Operations Management (HOM) portfolio, which gives hospitals real-time access to operational data. Comprehensively managing the scheduling, flow and availability of staff, patients and assets can help hospitals realize significant productivity gains.
"The GE and API Healthcare systems are such a good fit and perfectly align with GE's Industrial Internet strategy," said Mike Swinford, president and CEO of GE Healthcare Services. "With this acquisition, we are now able to address a significant portion of hospital operating costs - from assets to patient and labor - with a mix of software, real-time data, powerful analytics and professional services."
Long-time customers of both organizations are already realizing operational value.
In 2007, Ellis Hospital in Schenectady, New York merged with two other area hospitals fighting to stay alive in the changing healthcare environment. Collectively, the hospitals faced millions of dollars in losses and the management needed strong new operational systems to turn around the new 438-bed entity with 3,400 employees, now called Ellis Medicine.