- Simplifies the structure through consolidation of GE Healthcare’s Life Sciences and Medical Diagnostics business units, and X-ray manufacturing plants.
- Expanded Wipro GE Healthcare for more effective management and resource utilization.
NEW DELHI, India, October 2nd, 2009 – Wipro GE Healthcare, the joint venture between Wipro Ltd. (NYSE:WIT) and GE Healthcare, today announced the transformation of its business by integrating several existing stand-alone business units and manufacturing plants of GE Healthcare in India under the Wipro GE Healthcare entity. This strategic move will lead to more effective management and resource utilization and help accelerate growth for GE Healthcare, the US$17 billion healthcare business of General Electric Company (NYSE: GE) through Wipro GE Healthcare’s large distribution network. With the growing demand for health care in India and South Asia, this move will define the next stage of market leadership for the entity.
Currently Wipro GE Healthcare distributes approximately 85% of GE Healthcare’s products and solutions
in India. The GE Healthcare business units that will be integrated into Wipro GE Healthcare include GE Healthcare Life Sciences, GE Healthcare Medical Diagnostics and GE Medical Systems India. GE Healthcare’s Life Sciences and Medical Diagnostics business units currently distribute their products outside of Wipro GE Healthcare. GE Medical Systems India manufactures X-ray products and certain other diagnostic imaging products & accessories for export to GE Healthcare worldwide. When this integration is completed, Wipro GE Healthcare will be the exclusive vehicle for GE Healthcare’s activities in India. By simplifying operations into one Wipro GE Healthcare, the new synergies will help accelerate designing ‘In India, for India’ healthcare products and grow sales in India.
John Dineen, President & CEO, GE Healthcare said “This is a natural next step for the very successful partnership we have had with Wipro in India. Simplifying our company structure will improve service for our customers and has the potential to accelerate the introduction of more cost effective, affordable and quality healthcare solutions in South Asia.”
Wipro GE Healthcare is one of the leading players in healthcare solutions in India and one of the longest partnerships in the history of GE Healthcare. V Raja, current President and CEO of Wipro GE Healthcare will continue to lead the expanded business entity. 1200 employees from the 3 GE Healthcare entities being consolidated will become part of the expanded Wipro GE Healthcare. “GE has been our valued partner since 1990. Together we have defined many growth stories in healthcare sector in South Asia. This consolidation under Wipro GE Healthcare further strengthens this relationship. We hope to bring world-class healthcare to South Asia by providing best- in- class solutions” said Azim Premji, Chairman, Wipro.
About GE Healthcare:
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare
systems. Headquartered in the United Kingdom, GE Healthcare is a US $17 billion unit of General Electric Company.
Worldwide, GE Healthcare employs more than 46,000 people in more than 100 countries. For more
information about GE Healthcare, visit our website at
www.gehealthcare.com
About Wipro: Wipro Limited is multi-business entity with operations in Information Technology, precision
engineering, consumer products, lighting and furniture. Wipro Limited (NYSE:WIT) provides comprehensive IT solutions and services, including systems integration, information systems outsourcing,
IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and
SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro’s ADSs are listed on the New York Stock
Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our websites at
www.wipro.com ,
www.wiprocorporate.com , and
www.wipro.in
ABOUT HEALTHYMAGINATION
Healthymagination is a GE business strategy to deliver and maintain sustainable healthcare globally, built
on the core commitments of reducing costs and improving quality and access in healthcare. GE will spend US $3 billion over the next six years on research and development that help deliver better care to more people at lower cost. In addition, GE will commit US $2 billion of financing over the next six years to drive healthcare information technology and health in rural and underserved areas, and US $1.5 billion for
partnerships, content and services.
GE’s goal is to accomplish the following by 2015:
1. Reduce by 15 percent the cost of procedures and processes with GE technologies and services
2. Increase by 15 percent people’s access to services and technologies that are essential for health,
reaching 100 million more people every year
3. Improve quality and efficiency by 15 percent for customers through simplifying and refining health
care procedures and standards of care.
For Further Information, Please Contact:
Manoj V Menon
Communications Leader
GE Healthcare South Asia
+91 9845199852;
manoj.menon@ge.com
Radha Radhakrishnan
Senior Manager - Corporate
Communications
Wipro Limited
+ 91-80-28440378~25056159
radha.rk@wipro.com
Rajiv Sarkar
Genesis Burson-Marsteller
+91 9986414823
rajiv.sarkar@bm.com
