GE Healthcare has entered into a distribution and technology collaboration agreement with Living Independently Group, a provider of telecare and passive monitoring systems used to assist in the care of seniors.
GE will distribute and co-market Living Independently’s QuietCare products globally. As part of the agreement, the companies will utilize GE’s Global Research Center and its work in clinical parameters and monitoring algorithms to drive the field of remote patient monitoring and diagnostics.
The company will also take a minority ownership stake in the New York City-based Living Independently. Financial terms were not disclosed.