Category: Samsung Electronics Co. Ltd.
Global electronics giant Samsung acquires imaging devices maker NeuroLogica in a stealthy deal that further expands Samsung's growing interest in the medtech space.
Technology titan Samsung Electronics (LON:BC94) made new moves in the medical device space with the stealthy buyout of Danvers, Mass.-based imaging devices maker NeuroLogica.
Covidien agrees to acquire esophageal radiofrequency ablation device maker Barrx for $325 million in a deal expected to close by January 31, 2012.
Covidien (NYSE:COV) agreed to acquire Sunnyvale, Calif.-based device maker Barrx Medical Inc. for $325 million.
Barrx, a private company, specializes in minimally invasive radiofrequency ablation systems that target precancerous tissue in the esophagus.
Samsung Electronics is looking to muscle in on the medical imaging market, planning to spend more than $1 billion acquiring companies in the space so it can compete with giants GE Healthcare and Siemens, according to Reuters.
In its quest to become a larger player in the global medical device market, Samsung Electronics Co. Ltd. creates a new brand to represent its collaboration with Korea-based diagnostic ultrasound equipment maker Medison Co.: Samsung Medison Co. Ltd.
Samsung Electronics Co. Ltd. (KSE:005930.KS) launched a new corporate identity for medical products created through its collaboration with Korea based ultrasound equipment maker Medison Co.
The combined group, Samsung Medison, has a goal of becoming one of the world's top 4 diagnostic ultrasound firms and, by 2020, aims to have 10,000 employees, according to the company.