NeuroLogica puts Galaxy maker in new cosmosSamsung Electronics said yesterday it has acquired a U.S. medical equipment firm as part of efforts to bolster its health care business.
Samsung Electronics America has bought NeuroLogica, a leading computed tomography (CT) company headquartered in Danvers, Massachusetts, the company said in a press release. Financial terms of the deal were not disclosed.
Samsung’s U.S. unit will control the U.S. medical equipment maker, which develops medical imaging products and portable CT scanners.
“The acquisition of NeuroLogica is another important step in the expansion of Samsung’s medical imaging business and is a testament to our shared vision for a better and more complete health care experience,” said Tod Pike, senior vice president at Samsung’s Enterprise Business Division.
The move is the latest in Samsung’s efforts to diversify its revenue sources and nurture new growth engines. In 2010, it announced plans to invest 23.3 trillion won ($21.5 billion) in the energy and health care sector.
As part of the plan, Samsung has acquired Medison, a local diagnostic ultrasound manufacturer, and the health care division of California-based ITC Nexus Holding Company.
Analysts and market watchers have been raising concerns about Samsung’s high dependence on its mobile business, which generates more than 60 percent of the company’s operating profit. Yonhap