Samsung to purchase digital health company Xealth
Samsung has made a strategic move in the digital health sector by acquiring Xealth, a company that offers a platform to help healthcare providers manage digital health tools. This acquisition aims to integrate Xealth's technology with Samsung's wearable and home health monitoring technology, creating a seamless connected care experience.
The acquisition is expected to close this year, and financial terms were not disclosed. This move is a significant step towards Samsung's goal of establishing a comprehensive "care at home" ecosystem, where devices like phones, TVs, and other appliances serve as a foundation for ambient home health monitoring over time.
Xealth supports over 500 hospitals in integrating digital health tools into clinical workflows, aggregating data from various vendors and providing providers with a more complete and accurate view of patient health. By acquiring Xealth, Samsung intends to embed its sensor and wearable technologies within healthcare provider systems, unifying fragmented wellness data and clinical records, which are often managed separately, leading to missed insights and delayed care.
Xealth's platform will act as the orchestration layer between patients’ health data collected via Samsung devices and healthcare provider workflows, facilitating a truly connected care model that enhances patient engagement and clinical decision-making.
The deal is not the first M&A in the digital health sector, as they are still more common exit routes for such companies. Xealth's network of healthcare leaders includes Advocate Health, Banner Health, and the Cleveland Clinic. The acquisition bolsters Samsung's goal to unify fragmented health information, making it easier for providers to access and manage multiple digital health products through their electronic health record.
The acquisition comes as exit opportunities for digital health companies look more promising. Two digital health companies, Hinge Health and Omada Health, completed initial public offerings in recent months. Samsung also plans to develop a data hub to help users share health information with their doctors, which should help ensure data from consumer wellness products can be shared more easily with providers.
Xealth was spun out of Washington-based health system Providence in 2017. The text did not provide any new information about Xealth's network of healthcare leaders or the acquisition's expected closing date. M&A is on the rise this year in the digital health sector, according to a report published by Rock Health, which tracked 107 digital health M&A deals in the first half of the year, on track to outpace the 121 transactions recorded in 2024.
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[2] Samsung's Galaxy Watch gets FDA clearance for heart rhythm and sleep apnea detection, CNBC, link
[3] Samsung Acquires Xealth, Xealth, link
[4] Samsung's acquisition of Xealth: What it means for healthcare, Healthcare IT News, link
- The acquisition of digital health company Xealth by Samsung is a strategic move in the healthcare sector, aiming to integrate Xealth's platform with Samsung's wearable and home health monitoring technology for a seamless connected care experience.
- Xealth supports over 500 hospitals in integrating digital health tools into clinical workflows, aggregating data from various vendors and providing a more complete and accurate view of patient health.
- Samsung plans to embed its sensor and wearable technologies within healthcare provider systems, unifying fragmented wellness data and clinical records, which are often managed separately, leading to missed insights and delayed care.
- The Xealth platform will act as the orchestration layer between patients’ health data collected via Samsung devices and healthcare provider workflows, facilitating a connected care model that enhances patient engagement and clinical decision-making.
- The move towards acquiring Xealth is a significant step towards Samsung's goal of establishing a comprehensive "care at home" ecosystem, where devices like phones, TVs, and other appliances serve as a foundation for ambient home health monitoring over time.
- M&A in the digital health sector is on the rise this year, according to a report published by Rock Health, with 107 digital health M&A deals in the first half of the year, on track to outpace the 121 transactions recorded in 2024.
