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GoIndustry DoveBid and GE Healthcare announce collaboration

Nov 03, 2009

GE Healthcare, a unit of General Electric Company (NYSE: GE), announces a strategic collaboration with GoIndustry DoveBid (GoIDB). The partnership enhances GE Healthcare's asset disposal capabilities and expands its ability to provide critical business intelligence to customers by providing data from GoIDB as an integrated part of its Scientific Asset Services (SAS) programs.

The collaboration will allow GE Healthcare to provide its customers with advice on residual value, life span, market trends and best practice in disposal of scientific equipment. Customers will also benefit from a rapid route to dispose of surplus or under-utilized equipment, releasing capital back into their businesses. "This industry-leading collaboration will enhance our asset life cycle management solution," says Mike Benevento, GM Services, GE Healthcare. "With the data provided by GoIDB we can ensure that our customers receive the intelligence they need to enable them to make confident and informed decisions on what to do with their underutilized or obsolete assets, unlocking some capital into their operations." Jack G. Reinelt, CEO at GoIDB commented: "We are excited about this opportunity to work with GE Healthcare. Our unique position within the second-hand equipment market enables us to provide GE Healthcare's customers with up-to-date asset market data plus the ability to dispose of surplus equipment through our well-established auctions guaranteeing customers the best return." For more information please visit: http://www.gelifesciences.com/sas

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. Our 'healthymagination' vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality and efficiency around the world. Headquartered in the United Kingdom, GE Healthcare is a $17 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 46,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at http://www.gehealthcare.com.

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