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MEI Development Corporation and GE Healthcare Sign Strategic Agreement
Date:5/18/2009

GE's Sole-Source Agreement Spans MEI's Broad Solution Offerings

CORAL SPRINGS, Fla., May 18 /PRNewswire/ -- MEI Development Corporation (MEI), a subsidiary of The MEI Healthcare Group, announced today a strategic agreement with GE Healthcare (NYSE: GE), a leading provider of healthcare technology. The sole-source, strategic agreement offers GE Healthcare's customers the option of MEI's broad solutions, including development, financial, oncology, women's health and consulting services.

"Our partnership with MEI provides a single, seamless platform for a comprehensive imaging solution," said Bob White, Senior Vice President, GE Healthcare. "When customers are provided with a robust, scalable model under one platform, the quality and cost of healthcare delivery improves."

"Our agreement ensures that MEI will continue to provide physician and hospital clients with seamless access to GE's industry-leading technology, which is fundamental to delivering MEI's comprehensive solution portfolio," said Gordon Baltzer, President and CEO of The MEI Healthcare Group.

MEI Development Corporation provides turnkey solutions for physicians, outpatient facilities and hospitals that are interested in adding and updating imaging technology. MEI offers a unique array of services including determining project viability, creation and implementation of business planning, procurement of imaging equipment and complete project financing.

About MEI: The MEI Healthcare Group, LLC, headquartered in Coral Springs, Florida, is a healthcare strategy firm that works with physician groups and medical centers to provide turnkey healthcare solutions for imaging and radiation therapy services.

About GE Healthcare: GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

Our "healthymagination" vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality and efficiency around the world. Headquartered in the United Kingdom, GE Healthcare is a $17 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 46,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com

    CONTACT:
    Nick Wasmiller
    Seyferth & Associates Inc.
    1-800-435-9539
    wasmiller@seyferthpr.com


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SOURCE MEI Development Corporation
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