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Johnson & Johnson, others to build health care exchange

Published on .

Five mammoth health-care manufacturers said Wednesday that they are working together on a trading exchange, which will be designed to handle the more than $100 billion spent annually by leading companies in the industry. Johnson & Johnson, GE Medical Systems, Baxter International Inc., Abbott Laboratories and Medtronic Inc. have formed the privately held exchange, expected to launch before Oct. 1. The move marks the latest such trading exchange to crop up, following similar moves in such industries as automotive, retail and aerospace. Technology companies winning the health-care business are Ariba Technologies Inc., GE Global Exchange Services, i2 Technologies and IBM.
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