Samsung Acquires US Health Tech Company Xealth: A Major Leap in Digital Health Innovation – KED Global

Samsung Electronics is making a bold move by acquiring Xealth, a U.S.-based healthcare platform. This acquisition marks a significant step in Samsung’s efforts to diversify its business beyond semiconductors and smartphones. The deal is expected to wrap up by the end of the year, though financial details remain under wraps.

Founded in 2017, Xealth creates solutions for hospitals to manage digital health tools, like prescription tracking and monitoring patient conditions, all from one platform. It’s already being used by over 500 hospitals in the U.S., including major names like Advocate Health and Banner Health. By merging Xealth’s expertise with its own AI-powered devices, Samsung plans to enhance connected healthcare experiences.

In a statement, TM Roh, Samsung’s Device Experience Division head, emphasized that this partnership will help the company improve healthcare systems and digital health initiatives.

Why This Matters

For Samsung, this acquisition is a way to tap into the growing digital health market. In recent years, healthcare technology has become increasingly vital. A recent survey by Deloitte found that 80% of patients prefer digital health solutions for managing their healthcare. Samsung is working to leverage this trend by connecting Galaxy devices, like smartphones and wearables, to hospital systems, allowing real-time health data sharing between patients and providers.

Samsung has been busy expanding into non-chip businesses this year. It’s not just Xealth; in May, the company purchased FläktGroup, a German HVAC company, for about $1.8 billion. They also acquired Masimo Corp.’s audio business for $350 million. Each move is part of a broader strategy to future-proof Samsung amid rising competition in tech.

By enhancing its healthcare capabilities, Samsung aims to create a more holistic health management system. Currently, its Samsung Health platform allows users to track their health records, medications, and even daily food intake. This data can significantly improve how hospitals understand and treat patients.

Xealth CEO Mike McSherry noted that combining wearables’ health data with clinical information could unlock new insights, improving healthcare decision-making. Together, Samsung and Xealth hope to bridge the gap between home health monitoring and clinical care.

As the healthcare landscape evolves, keeping up with technology will be crucial. With acquisitions like Xealth, Samsung is positioning itself as a leader in this vital sector.

For more insights on Samsung’s ventures in digital health, visit Deloitte’s survey on digital health preferences.

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