Samsung acquisition marks first major push into healthcare
Samsung Electronics has announced the first major acquisition in its 41 year history, having agreed to buy a majority stake in a medical equipment manufacturer for $262million.
It has purchased a 43.5% stake in Korean ultrasonic device maker, Medison, in a bid to make a major push into the healthcare sector.
"The ultrasound diagnostics device segment provides a logical entry point into the healthcare equipment market because of technological similarities and potential synergies with Samsung's existing consumer electronics, IT products and technologies," Samsung said in a statement.
In May, Samsung said it aimed to invest 1.2trillion won in the healthcare business by 2020 and to generate 10trn won in revenue. It unveiled a portable blood test kit in June, its first healthcare product.
