5 Most Successful Joint Ventures In America

Caradigm

In 2011, Microsoft Corporation (NASDAQ:MSFT) and General Electric Company (NYSE:GE) formed a 50-50 joint venture that would ensure a partnership between each company’s healthcare units. The venture, called Caradigm, was tasked with creating a “Windows-like platform” for the healthcare industry that would make use of Microsoft’s Amalga software for storing patients’ electronic health records and General Electric’s Qualibria. Other products and services included in Caradigm were Microsoft’s Vergence and expreSSO, and GE’s eHealth. Not much was known about the deal, aside from the fact that Caradigm had around 750 employees and that Microsoft moved most of its people and technology from its former Health Services Group. However, in 2016, it was discovered that Microsoft had quietly sold its share of Caradigm to General Electric Company (NYSE:GE). Caradigm is still operational as part of General Electric and closely collaborates with Microsoft Corporation (NASDAQ:MSFT).

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These are the five most successful joint ventures in America. The companies are among the leaders in their respective industries, even though some have been spun-off as independent companies, while others ceased to be joint ventures and became wholly-owned subsidiaries of one of the parties involved. In any case, their success resulted in great returns for each of their parent companies.

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