Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship

PITTSBURGH--(BUSINESS WIRE)--
Heritage Valley Health System today announced an
innovative, strategic alliance with GE Healthcare
aimed to propel the health system’s momentum of
obtaining advanced medical equipment over the
next 14 years.
Heritage Valley Health System and GE Healthcare
entered an agreement that initially includes new,
state-of-the-art MRI and CT scanners for Heritage
Valley Beaver and Heritage Valley Sewickley
hospitals, new ultrasound equipment for Heritage
Valley’s hospital and medical neighborhood
locations, upgrades to an existing GE CT scanner
and the addition of nuclear imaging cameras.
“By working with GE Healthcare as a strategic
partner and initiating this long-term agreement, we
are also able to mitigate the risk of technology
obsolescence through routinely scheduled
upgrades,” said John Luellen, MD, vice president
and chief operating / quality officer, Heritage
Valley Health System. “This enables Heritage
Valley to continually enhance our entire suite of
imaging equipment, bringing the best technology
available into our hospitals and community
satellites.”
This alliance marks GE Healthcare’s first Managed
Equipment Service (MES) agreement in the U.S.
The company anticipates that, with this
announcement, it launches the first of many MES
Heritage Valley
Health System and
GE Healthcare
Enter Multi-Year
Strategic
Relationship
Business Wire May 10, 2016
U.S. Markets close in 5 hrs 44 mins
Finance Home Originals Events Personal Finance Technology Markets Industries
SearchSearch for news, symbols or companies
Mail Flickr Tumblr News Sports Finance Celebrity Answers Groups MobileHome
Your list is empty.
What to Read Next
Quote Lookup
Recently Viewed
Josh Elliott has reportedly been fired from CBS
News after on-air blunder
Business Insider
S&P 500
2,326.69
-1.56 (-0.07%)
Dow 30
20,421.88
9.72 (0.05%)
Nasdaq
5,761.32
-2.64 (-0.05%)
Crude Oil
54.03
0.60 (1.12%)
Heritage Valley Health System and GE Healthcare Enter Multi-Year ... http://finance.yahoo.com/news/heritage-valley-health-system-ge-12...
1 of 5 2/14/17, 10:17 AM

healthcare than ever before. Budgets are pinched,
and reimbursement slim. In 2012, it was predicted
that one-third of hospitals would close due to
financial, operational and clinical challenges by
2020.
“We have to be two steps ahead of innovation at all
times – in technology, in expertise and in business,”
added Dr. Luellen. “The MES agreement is a fixed
capital expense that includes replacement and
associated construction costs as well as ongoing
staff training and service.”
“Through strategic models, such as MES
structures, health systems like Heritage Valley
prepare for the future with advanced imaging
technologies and services,” said Lee Cooper,
President and CEO for GE Healthcare, U.S. and
Canada. “As part of its agreement with GE
Healthcare, Heritage Valley will move from a model
of fluctuating capital expenditures to one that is
more predictable and consistent over the 14-year
commitment.”
Together, Heritage Valley and GE Healthcare will
deliver high-value imaging services and
technologies to more than 167,000 current patients
living in Pennsylvania, Ohio and West Virginia.
About Heritage Valley Health System
Heritage Valley Health System is a $480 million
integrated delivery network providing
comprehensive health care for residents of
Allegheny, Beaver, Butler and Lawrence counties, in
Pennsylvania; eastern Ohio; and the panhandle of
West Virginia. In partnership with 3,700 employees
and more than 480 physicians, Heritage Valley
offers a broad range of medical, surgical and
diagnostic services at its two hospitals, Heritage
She Has Grown Up Since The Olympics
AllRookie Sponsored
You probably shouldn't hug your dogs,
regardless of how adorable they are
Business Insider
Men's Wearhouse founder reveals how smoking
marijuana for 50 years changed his life
Business Insider
Pimco's Fels Sees U.S. Waging Cold Currency
War of Words
Bloomberg Video
Search
2 of 5 2/14/17, 10:17 AM

Rates
Lender APR Rate
Sebonic Financial 3.884% 3.740%
at 1.100 pts
Tue Feb 14
Sebonic Financial 3.943% 3.865%
at 0.100 pts
Tue Feb 14
ConsumerDirect
Mortgage, a division of
First Bank
3.990% 3.875%
at 1.000 pts
Tue Feb 14
Product: 30 Year Fixed Refi, All Points
Loan Amount: $240,000
Search Criteria: 20% down, 740+ credit score
Mortgage CDs Savings Auto Loans
About GE Healthcare
GE Healthcare provides transformational medical
technologies and services to meet the demand for
increased access, enhanced quality and more
affordable healthcare around the world. GE
Healthcare (GE) works on things that matter - great
people and technologies taking on tough
challenges. From medical imaging, software & IT,
patient monitoring and diagnostics to drug
discovery, biopharmaceutical manufacturing
technologies and performance improvement
solutions GE Healthcare helps medical
professionals deliver great healthcare to their
patients. http://www.gehealthcare.com
View source version on businesswire.com:
http://www.businesswire.com/news/home
/20160510005676/en/
Don't Buy Furniture Until You See This Site
Wayfair Sponsored
Mattel hooks up with Alibaba, Aetna and
Humana call off merger, GM may sell European
division
Yahoo Finance
How Verizon's new 'unlimited' plan compares to
the competition
Yahoo Finance
6 Signs You're Ready to Retire Early
Investopedia
Search
3 of 5 2/14/17, 10:17 AM

Start the conversation
D Share your reaction
Post
New Surprises About "Flip or Flop" Hosts
Secludedpast.com Sponsored
Some Google self-driving-car experts were paid
so much that they quit
Business Insider
This CEO started out $50,000 in the hole and
scrounging f...
The most important rule when it comes to giving
your kid allowance
Yahoo Finance
Search
4 of 5 2/14/17, 10:17 AM

Disney Quietly Raises Theme Park Admission
Prices Again
Money
Data Disclaimer Help Suggestions
Here's What New Dental Implants Should Cost
You
DentalImplantPortalDeals.com Sponsored
The downfall of Ivanka Trump's brand isn't
about her father
Yahoo Finance
Search
5 of 5 2/14/17, 10:17 AM

Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship

Recommended

Recommended

More Related Content

What's hot

What's hot (18)

Similar to Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship

Similar to Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship (20)

Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship