Microsoft

(MSFT) - Get Report

climbed 2.7% in late morning after news it was teaming with

Pfizer

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(PFE) - Get Report

and

IBM

(IBM) - Get Report

to form an independent company to help doctors manage information and administrative tasks.

The products will target offices of both individual and group physician practices. Pfizer and IBM were up 2.6% and 1.1% respectively.

Monday,

Oracle

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and

HealthSouth

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announced a similar joint effort to create a "digital hospital" to help institutions manage patient and administrative data. Oracle fell 0.4% today.