GE HealthCare, Advantus ink $760M device maintenance deal

GE HealthCare (Nasdaq:GEHC) announced today that it entered into a 10-year agreement with Advantus Health Partners with $760 million.

The agreement provides GE HealthCare’s healthcare technology management (HTM) services to Advantus’ clients. Together the companies aim to offer a holistic program beyond the traditional break-fix approach to medical device maintenance. Advantus plans to use the partnership to support quality care and sustainable cost reductions for its clients, too.

“Advantus was founded following our team’s success designing a better supply chain model for a large health system with 48 hospitals,” said Dan Hurry, president of Advantus Health Partners. “We understand the growing challenges that health care providers—large and small—face in today’s environment. We are constantly working to bring next-generation supply chain management models to our customers, and this relationship with GE HealthCare underscores our commitm…

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