Overview

• Samsung Electronics and Xealth signed an acquisition agreement on July 7 with closing expected by year-end and no transaction value disclosed.
• Xealth’s platform connects over 500 U.S. hospitals, including Advocate Health and Banner Health, with patients and integrates more than 70 digital health partners.
• Samsung intends to merge its wearable sensor technology with Xealth’s digital health platform to enhance home health monitoring and support clinical decision-making.
• The acquisition forms part of Samsung’s broader M&A-driven strategy to diversify beyond semiconductors and smartphones following a steep decline in AI chip revenues.
• Earlier this year, Samsung acquired Germany’s FlaktGroup and has been investing in healthcare IT, consumer audio, cooling and robotics to establish new growth engines.