Global healthcare exchange on the Internet.

Five organizations are to jointly create a global healthcare exchange on the Internet.

Johnson & Johnson, GE Medical Systems, Baxter International, Abbott Laboratories and Medtronic said the new trading exchange, which will have headquarters in Chicago, Illinois, USA, will help healthcare providers make quicker, more efficient decisions by simplifying their business processes and providing a single source for their purchases.

It is planned that the independent, on-line enterprise will facilitate the exchange of information related to buying, selling and dist