We’re excited to share that on Tuesday, July 8th, digital healthcare integration provider and McKesson Ventures portfolio company Xealth announced that it had been acquired by Samsung Electronics Co, Ltd. The acquisition seeks to combine Samsung’s innovative wearable technology with Xealth’s digital health platform to create a seamless experience to users – uniting wellness and medical care for as many people as possible.
“Xealth and Samsung share a common goal to advance the digital health space for truly connected care,” said Xealth CEO Mike McSherry in the companies’ joint press release. “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.”
TM Roh, President and Acting Head of Samsung’s Device eXperience (DX) Division, joined in McSherry’s enthusiasm, stating “Samsung aims to improve the health of everyone through our extensive platform combining Samsung’s innovative technologies and open collaboration with industry leaders. [The] acquisition of Xealth, with its accumulated expertise and extensive healthcare network, will be an anchor to accelerate Samsung’s efforts to support health systems and digital health partners through a truly connected care.”
Founded in 2017 with a network spanning 500+ hospitals and 70+ digital health solutions, Xealth has made a name for itself as a trusted platform for integrating and scaling digital health across leading health systems. This incredible effort has led to the company receiving numerous accolades, including being named as one of the CB Insights Digital Health 150, Fierce Healthcare’s Fierce 15 2023, and more. To read more about this announcement, view the Xealth + Samsung press release below.
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