Intel ( INTC) and General Electric ( GE) are scheduled to hold a press conference Thursday, ostensibly to discuss an alliance in health care, according to media reports.

The Wall Street Journal and Reuters, citing a source with knowledge of the alleged plan, said GE CEO Jeff Immelt and Intel CEO Paul Otellini were scheduled to appear together at an event Thursday in New York.

In its 2008 annual report, GE said it has a $2 billion business in health care information technology, which includes partnerships to develop electronic patient records. It also is partnering with governments in Russia and Qatar to improve health care, ventures it says represent $1 billion in potential growth.

The company also has suggested it stands to benefit from the government's redoubled interest in health infrastructure.

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs

Your Guide to Making a Lot of Money on the Driverless Car Boom

Buying Nvidia Now Is Like Getting Intel Way Back in 1993, Jim Cramer Says

Google's Waymo Teams With Intel on Self Driving Technology