What You Should Know:
– Samsung Electronics Co., Ltd. today announced it has signed an agreement to acquire Xealth, a leading healthcare integration platform. Financial details of the acquisition were not disclosed.
– The strategic acquisition will significantly advance Samsung’s transformation into a connected care platform, aiming to bridge wellness and medical care for a seamless, holistic, and hyper-personalized approach to preventative health for as many people as possible.
– The deal is subject to customary closing conditions, including regulatory approvals, and is expected to close within 2025.
Unifying Fragmented Health Information for Holistic Care
Currently, health data from daily wellness tools (like wearables) and clinical records from hospitals are often managed separately. This fragmentation leads to missed insights and delayed care. The synergy between Samsung’s advanced wearable technology and Xealth’s digital health platform aims to create a crucial link between home health monitoring and clinical decision-making. This effort places the provider-patient relationship at its core, enhancing Xealth’s platform to enable real-time monitoring, continuous engagement, and smarter decision-making.
Xealth: The Orchestration Layer for Digital Health
Xealth, a company spun out of the Providence health system, is recognized for its ability to combine multiple digital health solutions into a single user interface and platform. This gives healthcare providers a more complete picture of their patients. The company acts as an orchestration layer, giving health systems control over how they manage, filter, and utilize data.
Xealth currently boasts a network of more than 500 U.S. hospitals, including prominent names like Advocate Health and Banner Health. It also has over 70 digital health solution partners. These partners will gain access to Samsung’s broader platform, which is expected to further enhance the connected care ecosystem.
“Xealth and Samsung share a common goal to advance the digital health space for truly connected care. Customer health data from wearables can fill in context that is missing to hospitals and bring more data analysis possibilities that were not available just with clinical records.” He added, “Together with Samsung and our network of healthcare leaders, we will design a bridge between home health monitoring and clinical decision-making, with provider workflow considerations and patient engagement at the core of that effort,” said Mike McSherry, CEO of Xealth.
