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 platform that bridges wellness and medical care bringing a seamless and holistic approach to preventative care to as many people as possible." That involves creating "synergy" between its wearable tech and Xealth's platform by bringing together health data measured on its devices and clinical records at hospitals. Samsung says the integration can "create a link between home health monitoring and clinical decision-making through enhancements to Xealth’s platform, with the provider-patient relationship at the center of that effort."
Xealth enables doctors to monitor and schedule care for patients at scale. More than 500 hospitals in the US and 70-plus "digital health solution partners" use Xealth, which spun out of the Providence health system. All of those will be able to access Samsung’s platform.
News of the Xealth acquisition comes just a couple of weeks after Health and Human Services Secretary Robert F. Kennedy Jr spoke of his desire to have every American sporting a wearable within the next four years, a vision that led to raised eyebrows from critics. While Samsung may be sniffing an opportunity there, its acquisition of Xealth may have been in the works for some time. In any case, it's clear that Samsung is looking to diversify beyond its core businesses.
What's more, Samsung announced the Xealth deal on the same day it projected a 56 percent drop in operating profit for the second quarter (compared with the same April-June period in 2024). This is, in large part, because of poor sales of its AI chips.
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