GE Healthcare, U.S. company to launch chain of cancer clinics
- Medical diagnostics and imaging equipment company GE Healthcare and U.S.based Cancer Treatment Services International (CTSI) jointly invested Rs.720 crore to for 25 cancer detection and treatment centres across India to enable treatment of cancer.
- GE Healthcare invested a portion into the $120-million programme which was planned over the next 5 years.
- The joint investment is a part of $1-billion commitment to Reseach & Development.
- It will enable to detect and treat cancer in a timely manner at easy affordable cost with implanting low-cost diagnostic technologies for various diseases.
- GE was developing low-cost diagnostic technologies ‘in India and for India’ for various diseases, 100 of them targeting cancer alone.
- CTSI with its 250-bed American Oncology Institute in Hyderabad (2012) provides treatment,doctors,medical personnel and related services whereas GE will provide equipment.
- With 3 million cancer cases in India, many were dying due to late detection & high cost of diagnosis. 1.23 million cases were being reported every year.
- CTSI President and CEO Joe Nicholas aims to start few centers in Andhra Pradesh as a ‘hub & spoke’ model and later try it out in other countries with similar conditions.
- Low Cost Technologies
- Cancer care in India
- Hub & Spoke Model
GE was also developing low-cost diagnostic technologies ‘in India and for India’ for various diseases, 100 of them targeting cancer alone.