Samsung Electronics Co. will acquire Xealth, a US-based healthcare platform provider, as it steps up efforts to foster non-semiconductor businesses – robotics, healthcare services, consumer audio and cooling and heating systems – as future growth engines.
The South Korean memory chip giant announced on Tuesday that it has agreed to buy Xealth for an undisclosed amount, with a plan to complete the deal within this year.
Spun out of the Providence health system in 2017, Xealth enables hospitals to manage digital health tools for patient care, like prescription and patient condition monitoring solutions, through a single platform.
It currently supports more than 500 US hospitals, including Advocate Health and Banner Health, and integrates patient data with care providers in real time.
Samsung said the acquisition will create “synergy” between its artificial intelligence-powered wearables and Xealth’s digital health infrastructure.
Samsung empowers users to track their health conditions and take control of their wellbeing with the Galaxy smartphone, Galaxy Ring and Galaxy Watch series.
The combined capabilities aim to offer more personalized, connected care by linking real-time health data from consumers directly to clinical providers.
“We believe the acquisition of Xealth, with its accumulated expertise and extensive healthcare network, will be an anchor to accelerate Samsung’s efforts to support health systems and digital health partners through a truly connected care,” TM Roh, president and acting head of the Device eXperience (DX) Division at Samsung Electronics, said in a statement.
DIGITAL HEALTH AS A NEW GROWTH DRIVER
The move is part of Samsung’s push to expand into new growth engines beyond its core semiconductor and smartphone businesses amid intensifying competition.
It marks Samsung’s third acquisition in a non-chip business in 2025 alone.
In May, the company agreed to buy FläktGroup, a German manufacturer of heating, ventilation and air conditioning (HVAC) systems, for 1.5 billion euros ($1.8 billion), and Masimo Corp.’s audio business for $350 million through its wholly-owned Harman International Industries Inc.
Last year, it also became the largest stakeholder of Rainbow Robotics Co., a Korean collaborative robot maker, and acquired Oxford Semantic Technologies, a British deep tech startup.
At the annual shareholders’ meeting in March, Samsung executives said the company will pursue “meaningful” mergers and acquisitions in high-growth areas, such as robotics, medical technology and next-generation chips.
The Xealth deal is expected to bolster Samsung’s healthcare footprint in the global market through its Galaxy ecosystem.
The Korean company operates its own digital health platform, Samsung Health, which enables users to access their health records collected by its wearables, manage medications and track their daily food intake.
“Customer health data from wearables can fill in context that is missing to hospitals and bring more data analysis possibilities that were not available just with clinical records,” said Xealth CEO Mike McSherry.
“Together with Samsung and our network of healthcare leaders, we will design a bridge between home health monitoring and clinical decision-making.”
By Sookyung Seo
skseo@hankyung.com
Jennifer Nicholson-Breen edited this article.
