Samsung Moves Closer To Medical Imaging With NeuroLogica Acquisition

By Alexandra Burlacu email: a.burlacu@mobilenapps.com | Jan 29, 2013 11:53 AM EST

Share This Story

  • Print
  • Email

Samsung Electronics just announced that it has bought medical imaging company NeuroLogica in an effort to build a leading medical technology business.

NeuroLogica develops medical-image producing machines such as computer tomography (CT) scanners and Samsung's U.S.-based affiliate, Samsung Electronics America Inc., is the proud new owner. The company did not disclose the terms of the deal, so it remains unknown at this juncture just how much the acquisition was worth.

Follow us

"Established in 2004, NeuroLogica develops cutting-edge medical imaging products and is known for its world-class portable CT scanners, such as BodyTom and CereTom," reads the press release"The acquisition of NeuroLogica is another important step in the expansion of Samsung's medical imaging business. Samsung will continue to strengthen its capabilities and product portfolio to establish itself as a trusted leader in the health and medical equipment industry. The company 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."

By 2020, Samsung Electronics wants to enhance medical imaging diagnosis and provide innovation to both medical staff and patients, as part of a broader effort to seek new ways of growth in the healthcare business.

Samsung Electronics America announced last November that it was adding Samsung Health & Medical Equipment, expanding its Enterprise Business Division with employees from Samsung Medison America. Samsung had acquired Medison back in 2010, describing its medical technology business as a "key element" in the company's 2020 vision to explore new avenues of growth.

In Jan. 2012, Samsung had reportedly considered an acquisition of Olympus' struggling healthcare business, but ultimately decided to pass off the opportunity. The company said it would rather focus on what it does best, and Olympus was not part of that vision. With NeuroLogica, however, the electronics giant seems to have found greater potential.

The NeuroLogica acquisition is Samsung's latest effort in the healthcare industry and falls in line with the company's business plan for the coming years. Samsung currently has four main business units: consumer electronics, telecoms, chips, and display. The telecom's unit accounts for more than half of Samsung's revenue.

In terms of medical ventures, however, analysts expect it will be at least five years before Samsung actually sees some profit growth.  

Get the Most Popular Mobile&Apps Stories in a Weekly Newsletter

© 2014 Mobile & Apps All rights reserved. Do not reproduce without permission.

Featured Video : Intel Pocket Avatars

Join Our Conversation

Smartphones
HTC Desire 510HTC Desire 510 brings 4G LTE on a budget, rocks 64-bit processor
Apple to launch 12.9-inch iPad Pro in early 2015
Sony Xperia Z3 shown from all angles, internals teardown ahead of IFA 2014 debut
ASUS smartwatch stars in new teaser ahead of IFA 2014 unveiling
Tablet / Laptop / PC
Dell Venue 7 and Venue 8Dell unveils Venue 7 and Venue 8 Android 4.3 Jelly Bean tablets
Retina iPad Mini facing delays, may not launch until early next year
Refurbished 128GB iPad with Retina Display now available on the Apple Online Store
Samsung Galaxy Note 10.1 – 2014 Edition: Pricing and availability now official
Gadgets
Amazon LogoAmazon reportedly to launch ‘Firetube’ set-top box before 2013 holidays
Samsung Galaxy Note 3 and Galaxy Gear India launch: Pricing and availability
Samsung Galaxy Gear Android smartwatch now up for pre-order in Canada
Samsung Galaxy Gear 2 reportedly in the works already, may debut at CES or MWC 2014
OS / Software
HTC LogoHTC reportedly considering Android/Windows Phone dual-booting smartphone as Microsoft pushes for deeper Windows mobile integration
iOS 7 Chrome Incognito mode leaks private searches due to bug
Sprint HTC One Android 4.3 Jelly Bean already rolling out, AT&T, T-Mobile & Verizon to follow
Microsoft Windows 8.1 now available for pre-order
Internet / Social Media
Google DowntimeGoogle blacks out for two minutes, causes 40 percent drop in world’s Internet traffic
Xbox Music web player is live and ready for Xbox Music Pass subscribers
Facebook Android app collected phone numbers even if users never logged in
Firefox 22 brings support for web video calls, 3D gaming, and Unreal Engine 3
What's App
Vine update brings new camera experienceVine gets major update, lets you upload previously-shot videos & more (VIDEO)
BlackBerry Messenger (BBM) finally hits Windows Phone – Available as a free download now
Instagram releases Bolt ephemeral messaging app in select markets to challenge Snapchat
PayPal for iOS update brings loyalty card support, other features and enhancements
Copyright © 2014 Mobile & Apps All rights reserved. mobilenapps
Real Time Analytics