Samsung is quite serious about establishing its presence in digital healthcare. The South Korean tech giant today announced that it has acquired Xealth, a platform focused on digital health tools and care programs. The press release from Samsung doesn’t disclose any terms of the deal, including the figures. However, Samsung expects to complete the Xealth acquisition by the end of this year. 

Samsung acquires Xealth to bridge the gap between wellness and medical care

It’s worth noting that the acquisition of Xealth is part of Samsung’s “connected care” model. As the company notes, this model links “wellness and medical care, bringing a seamless and holistic approach to preventative care to as many people as possible.” 

As you may know, Samsung sells its wearable health devices through its Galaxy brand. Following the acquisition, the company plans to integrate those products into Xealth’s platform. This will help it to link at-home health tracking with clinical systems. Overall, it will ensure the “provider-patient relationship at the center of that effort.”

Speaking about the Xealth acquisition, Samsung’s TM Roh said, “This will be an anchor to accelerate Samsung’s efforts to support health systems and digital health partners through truly connected care.” For the uninitiated, Xealth was founded in 2016 as a spin-off from Providence Health & Services. It operates a platform that allows health organizations to deliver digital health tools directly to patients. 

Xealth also works with about 500 hospitals in the US, including Advocate Health and Banner Health. It further supports around 70 digital health programs focused on areas such as diabetes, pregnancy, and surgical recovery.

The company has acquired multiple companies in the recent past

The Xealth acquisition comes a few weeks after a series of acquisitions by Samsung in the areas of robotics, AI, and medical tech. Last year, Samsung also acquired Oxford Semantic Technologies, Sonio AI, Rainbow Robotics, and in-vehicle tech firms Roon and Masimo.

Moreover, Xealth CEO Mike McSherry also commented about the acquisition. A part of McSherry’s statement from the press release reads, “Xealth and Samsung share a common goal to advance the digital health space for truly connected care.”
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