General Electric (GE) - Get Report Healthcare CEO John Flannery told German publication Handelsblatt today that the company plans to invest $500 million into its healthcare unit over the next three years.
The investment will target digitizing operations.
GE Healthcare also plans on hiring additional software and data specialists, and could purchase a data analysis firm to fortify its internal platforms, Flannery added.
(GE is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of Cramer's holdings witha free trial.)