Samsung Electronics Co., Ltd. Last week announced that it has signed an agreement to acquire Xealth, a unique healthcare integration platform that brings diverse digital health tools and care programs that benefit patients and providers.
Together with Samsung’s innovative leadership in wearable technology, the acquisition will help advance Samsung’s 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.
This acquisition will further Samsung’s push to unify fragmented health information and to empower individuals to take control of their own health. Often, customer health data measured on wellness tools, which keep track of one’s wellness journey every day, and clinical records at hospitals are managed separately, leading to missed insights and delayed care.
The synergy between Samsung’s advanced wearable technology and Xealth’s digital health platform 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.
Samsung is committed to making digital health tools accessible for all through relentless innovation in technology and a boundless device ecosystem, and has been heavily investing in sensor technologies on wearables – essential tools to follow one’s wellbeing throughout both day and night.
With Samsung’s diverse product portfolio especially around home, Samsung helps connect these various devices to bring better context and personalization around healthcare. The acquisition of Xealth will reinforce this commitment by becoming the cornerstone to advancing Samsung’s care at home vision of connecting and bridging wellness and medical care.
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 Samsung’s platform and enhance the connected care platform.
“Samsung aims to improve the health of everyone through our extensive platform combining Samsung’s innovative technologies and open collaboration with industry leaders,” said TM Roh, President and Acting Head of the Device eXperience (DX) Division at Samsung Electronics.
“We believe the acquisition of Xealth, with its accumulated expertise and extensive healthcare network, will be an anchor to accelerate Samsung’s efforts to support health systems and digital health partners through a truly connected care.”
“We are excited to join forces with Samsung,” added Mike McSherry, CEO, Xealth. “Xealth and Samsung share a common goal to advance the digital health space for truly connected care. Customer health data from wearables can fill in context that is missing to hospitals and bring more data analysis possibilities that were not available just with clinical records.
“Together with Samsung and our network of healthcare leaders, we will design a bridge between home health monitoring and clinical decision-making, with provider workflow considerations and patient engagement at the core of that effort.”
With Samsung’s capabilities and Xealth’s expertise, more hospitals and solution providers will be part of Samsung’s 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.
