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Word spread yesterday that GE Healthcare will be moving their headquarters to Chicago from suburban London. This announcement, made by GE Healthcare CEO John Flannery and first reported by @FT, is further validation that Chicago plays a leading role in the global healthcare market.

As quoted in a piece by Kim Janssen of @Chicagotribune, Flannery said that the move “puts us closer to our customers in the U.S.” and that he chose Chicago because it is “a great hub for travel,” as well as because of its strong health care sector and academic environment. We couldn’t agree more!

For GE and other healthcare equipment suppliers, OpenMarkets offers the opportunity for reduced SG&A expenses, acceleration of transactions and a simplified, data-driven approach. OpenMarkets clients like Baptist Health and the Medical University of South Carolina use OpenMarkets to guide their capital equipment program. Clinicians and department directors use OpenMarkets to research equipment, submit budgetary requests and coordinate approvals with stakeholders in finance, IT and supply chain. The end result is that OpenMarkets reduces the bureaucratic inefficiencies within the provider’s capital process and supports a unique and valuable equipment supply chain. In turn, this data allows GE healthcare and other global equipment manufacturers to create unique transactions through OpenMarkets

Greg Hinz of @CrainsChicago reported that GE’s move is expected to bring 200 jobs to Chicago. We look forward to having this leadership team here, and welcome Mr. Flannery and others meet with the OpenMarkets team anytime!

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Tom Derrick

Tom leads a range of core functions for OpenMarkets, including strategic partnerships and marketing. Prior to OpenMarkets, Tom served as a senior communications director for... More about Tom Derrick