Samsung acquires US medical imaging company

Jan 29, 2013

South Korea's Samsung Electronics said Tuesday it had bought US medical imaging firm NeuroLogica, as it seeks to explore new growth sources by expanding into the health sector.

Samsung did not disclose the value of the deal but said it had bought a full stake in the Massachusetts-based firm, which makes medical devices including CT scanners.

"Samsung plans to leverage its global brand awareness and world-leading technology in consumer electronics, IT and communications with NeuroLogica in order to expand medical imaging business," the company said in a statement.

—the world's top maker of smartphones, and flat-screen TVs—is the flagship unit of the Samsung group.

The group in 2010 vowed to spend $20 billion over the following 10 years on five "new growth" areas including light-emitting diode technology, medical devices, , electric-vehicle batteries and solar panels.

Explore further: WellPoint 2Q tops Wall Street expectations

add to favorites email to friend print save as pdf

Related Stories

Samsung buys local medical equipment maker

Dec 14, 2010

Samsung Electronics, the world's top computer memory chip maker, said Tuesday it has signed a deal to buy a controlling stake in a top South Korean medical equipment maker.

LG accuses Samsung of infringing patents

Sep 27, 2012

South Korea's LG Display, one of the world's top flat-screen TV makers, said Thursday it had filed a patent infringement suit against Samsung Electronics over the use of advanced displays.

Samsung to invest $4 billion in Austin plant

Aug 21, 2012

(AP) — Samsung Electronics co. will spend $4 billion renovating its plant in the U.S. to increase production of advanced chips used in smartphones and tablet computers.

Samsung to buy part of British electronics firm

Jul 17, 2012

South Korea's Samsung Electronics said Tuesday it had signed a deal to buy a mobile technology unit belonging to British firm Cambridge Silicon Radio (CSR) in a bid to improve its handheld devices.

Samsung outlines $20.6 billion investment plan

May 11, 2010

(AP) -- Samsung said Tuesday it plans to invest 23.3 trillion won ($20.6 billion) over the next decade in technologies including solar cells and medical devices, aiming to boost sales and increase its work force by tens ...

Recommended for you

Why let your sales force influence product prices?

11 hours ago

From the outside, you might not notice the ongoing tension within many large businesses: the battle between salespeople, on the one hand, and marketers and product managers, on the other. Because the salespeople ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

ThilliBone
not rated yet Jan 30, 2013
Samsung is taking a quantum leap in both mobile and healthcare technology