Former GE CEO says company considered acquiring Epic businesses during 1990s

Former General Electric CEO Jeff Immelt said during a Nov. 30 Q&A discussion the shortest meeting of his career was with Judy Faulkner, founder and CEO of Epic, during the mid-1990s, according to Xconomy.

The discussion was part of an event for Healthegy's annual Digital Healthcare Innovation Summit. This year's summit took place in Boston.

Mr. Immelt said in 1996 — when he led GE Healthcare — he visited Epic's headquarters in Verona, Wis., to meet with Ms. Faulkner. He said he proposed the two companies collaborate and suggested GE acquire parts of Epic's business.

"She just said, 'No, no interest,'" Mr. Immelt recalled. "It was a five-minute meeting."

Mr. Immelt also shared GE had considered acquiring Cerner, but determined the price point the EHR vendor discussed was too expensive at $2 billion. He did not specify during the Q&A discussion when the deal had been under consideration.

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