GE giving booster shot to Industrial Internet cloud with API Healthcare buy

API Healthcare's products are already in service at more than 1,600 hospitals and staffing agencies nationwide.

healthtech

General Electric is giving its Industrial Internet cloud platform a booster shot this week with the acquisition of API Healthcare.

The Hartford, Wis.-based company develops software for healthcare employee management as well as solutions for real-time analytics designed to keep hospitals running more smoothly. The long-term goals of such solutions are to reduce wait times, improve patient care, and reduce costs overall.

API Healthcare's products are already in service at more than 1,600 hospitals and staffing agencies nationwide. GE plans to integrate API Healthcare's portfolio with its own for improving and tracking patients, workflows, and other assets over time.

Financial terms of the deal have not been disclosed. The merger is expected to go through by the end of the first quarter of 2014.

GE has been busy strengthening its cloud data platform since it was introduced in partnership with Amazon Web Services, Accenture, and EMC's Pivotal initiative last year. The GE Industrial Internet is touted to provide industrial operators with a common architecture for linking up smart machines, sensors and analytics.

GE fine-tuned the platform with more predictive capabilities last fall , geared primarily toward the aviation, healthcare, rail, and energy industries.

Along with adding a trio of tech heavy-hitters (AT&T, Intel, and Cisco) to the partner sheet, the partner and developer ecosystem is poised to get bigger soon as GE is supposed to open up the platform to third-party partners and developers for integration on new apps and services this year.

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