Samsung Electronics has signed an agreement to acquire Xealth, a healthcare integration platform that brings digital health tools and care programs that benefit patients and providers.
The acquisition should help advance Samsungβs transformation into a connected care platform that bridges wellness and medical care. The synergy between Samsungβs wearable technology and Xealthβs digital health platform could create a link between home health monitoring and clinical decision-making.
Xealth, spun out of Providence health system, combines multiple digital health solutions into a single user interface and platform, giving healthcare providers a more complete picture of their patients, and enabling real-time monitoring, continuous engagement and smarter decision making. Xealth acts as an orchestration layer that gives health systems control over how they manage, filter, and use data. The company currently has a network of more than 500 U.S. hospitals, including Advocate Health and Banner Health, and more than 70 digital health solution partners, which will gain access to Samsungβs platform and enhance the connected care platform.
With Samsungβs capabilities and Xealthβs expertise, more hospitals and solution providers will be part of Samsungβs health ecosystem, which will provide a seamless experience across wellness and medical care and bring hyper-personalized, preventative care to people.
The acquisition is subject to the satisfaction of customary closing conditions, including receipt of any required regulatory approvals, and is expected to close within 2025.
