Samsung to acquire the Lenth digital health company

Diving brief:

• Samsung signed an agreement to acquire the digital health company XEalth, the South Korean electronics giant on Tuesday.
• The purchase of Xealth, which offers a platform that helps suppliers manage digital tools, strengthens Samsung’s objective to unify fragmented health information “and ensure data from portable devices – such as the Samsung Galaxy watch line – is integrated into clinical care, the company said in a press release.
• The acquisition is expected to close this year. The financial conditions of the agreement have not been disclosed.

Diving insight:

Xealth, which was out of the Washington Providence health system in 2017, allows suppliers to access and manage several digital health products through their electronic health file and centralize remote patient monitoring programs.

The company works with more than 500 American hospitals, including Advocate Health, Banner Health and the Cleveland Clinic, and more than 70 digital health companies, according to a press release.

The purchase of Xealth should help guarantee that data from consumer well-being products can be more easily shared with suppliers, said Samsung.

“Customer health data from portable clothes can fill out a context that is lacking in hospitals and providing more data analysis possibilities that were not only available with clinical files,” said Mike Mcsherry, CEO of Xealth, in a press release. “With Samsung and our network of health managers, we design a bridge between monitoring health health and clinical decision -making, with providers ‘workflow considerations and patients’ commitment at the heart of this effort.”

Meanwhile, Samsung is already present in health care technology. The Galaxy Watch of the portable electronic company received authorization from the Food and Drug Administration to detect irregular cardiac rhythms and signs of sleep apnea.

Earlier this summer, the company said it planned to develop a data center to help users share health information with their doctors.

The agreement to acquire the XEALTH came when exit opportunities for digital health companies seem more promising. Two companies, the digital musculoskeletal company Hinge Health and the Chronic Conditions Management Company, Omada Health, have completed the first public offers in recent months after a period of Introduction on the Square Introduction for the Sector.

But mergers and acquisitions are still more common ways for digital health companies – and mergers and acquisitions are increasing this year, according to a report published this week by the venture capital company and the Rock Health Council.

The report followed 107 mergers and digital acquisitions in the first half, on the right track to exceed 121 transactions recorded in 2024.