Samsung to buy US healthcare services company Xealth
UNITED STATES, JUL 8 – Samsung will integrate Xealth's digital health platform with its wearable technology to unify health data and enhance clinical care across over 500 U.S. hospitals, expanding its healthcare services.
- On Tuesday, Samsung Electronics revealed plans to purchase Xealth, a healthcare platform based in the United States, aiming to enhance its mobile healthcare services.
- Samsung aimed to grow its healthcare services sector through this acquisition as part of its strategy to diversify beyond its traditional semiconductor and smartphone markets.
- The deal aims to create synergy between Samsung's advanced wearable sensor technology and Xealth's digital health platform connecting over 500 U.S. hospitals.
- Samsung anticipates completing the acquisition in 2025 and aims to enhance its development of an integrated healthcare ecosystem that delivers highly personalized, preventive health solutions.
- This acquisition reflects Samsung's strategy to drive growth through meaningful deals after lagging rivals in AI chip sales and to support health system innovation.
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Samsung buys Xealth to integrate its wearables into the healthcare system
Samsung is making a bigger push into healthcare. It is buying Xealth, a platform focused on digital health tools and care programs. Terms of the deal, such as the purchase price, haven't been disclosed. Samsung expects the acquisition to be wrapped up by the end of the calendar year, pending closing conditions (such as any necessary regulatory approvals). Samsung says the deal will help to advance its "transformation into a connected care platfo…
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