UPDATED 09:37 EDT / NOVEMBER 18 2011

Samsung Expands Into Healthcare with Latest Buy

Electronics giant Samsung acquired ITC Nexus Holding Co Nexus for an undisclosed amount as a part of a wider-scale effort to expand into the healthcare industry. Nexus, based in San Diego, makes cardiac monitoring systems and will continue to operate out of its current headquarters once the takeover is complete.

“This partnership will play a vital role in helping Samsung to position itself as a global leader in health-care technology,” said Yong-chu Bang, vice president of the company’s health and medical-equipment business.”

Samsung bought a South Korean medical-equipment maker last year, and has made a large number of investments in several fields as a part of an effort to supplement its organic growth with M&A.  Nevertheless the company isn’t abandoning its core mobile business, not to mention its lengthy portfolio of legal clashes with competitors.  Another investment this week was YuMe, a digital TV service.

After suffering some losses in the legal battles with Apple over alleged copyright infringements, Samsung didn’t waste any time and promptly filed suit against its rival. Samsung is looking to ban the new iPhone 4S from France, Italy, Japan and Australia, and has already been given an early trail by the court.

When the company is not occupied with lengthy legal campaigns, Samsung is aiming at rapid expansion. The healthcare industry is a rather good pick, considering the technological opportunity and the sheer size of the market.  One notable example of that is a case study released earlier this month by the Wellnet Healthcare Group, which has completed an internal migration to the cloud. The company is leveraging cloud-based analytics to cut some of the overheads that were involved its on-premise deployment.

Another healthcare company that modernized its infrastructure is WellPoint, which will use IBM’s Watson to carry out various analytical tasks.


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