Newsletters
Technology, Discovery & Innovation NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Home Computing Digital Life Discovery Space More Topics...
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
Health
Average Rating:
Rate this article:  
Samsung Buys Medical Imaging Firm NeuroLogica
Samsung Buys Medical Imaging Firm NeuroLogica

By Jennifer LeClaire
January 29, 2013 2:10PM

Bookmark and Share
As part of its corporate development plan, Samsung said, it wants to "establish itself as a trusted leader in the health and medical equipment industry." In a statement, Samsung said the acquisition of NeuroLogica, a Danvers, Mass.-based medical-imaging company, "is another important step in the expansion of Samsung's medical imaging business."
 



Although Samsung is knee-deep in a battle against Apple, the electronics giant isn't too busy to push deeper into an altogether different field: medical imaging.

On Tuesday, Samsung announced the acquisition of NeuroLogica, based in Danvers, Mass. The 8-year-old NeuroLogica develops medical imaging products and is perhaps best known for its portable CT scanners, such as BodyTom and CereTom. Financial terms of the deal were not disclosed.

"The acquisition of NeuroLogica is another important step in the expansion of Samsung's medical imaging business," the company said in a statement. "Samsung will continue to strengthen its capabilities and product portfolio to establish itself as a trusted leader in the health and medical equipment industry."

A Better Acquisition

Last year, Samsung was rumored to be considering the purchase of Olympus' healthcare business. But Samsung's then-CEO Gee-Sung Choi shed light on the company's healthcare business strategy when he told Reuters, "We're not interested in what others are already doing very well. Samsung will do what we can do better." Apparently, Samsung considers NeuroLogica a "better" option.

Samsung started pushing harder into the healthcare business two years ago, and in November added Samsung Health & Medical Equipment to the mix. That addition involved unifying Samsung Medison America's personnel into Samsung Electronics America's Enterprise Business Division. The move integrated sales, marketing and service operations.

$400 Billion by 2020

That's in line with Samsung's new motto, "Inspire the World, Create the Future." The 2020 vision reflects Samsung's stated commitment to "inspiring its communities" by leveraging what it sees as its three core strengths: new technology, innovative products and creative solutions. As part of its 2020 vision, Samsung is also committed to promoting new value for its core networks -- industry, partners and employees.

Samsung's 2010 investment in Medison was a key element in Samsung's 2020 vision to explore new avenues of growth, including in the healthcare business domain. Indeed, Samsung said it remains committed to its 2020 vision to explore new avenues of growth in the healthcare business by working in the area of medical imaging diagnosis.

Samsung has mapped out a plan to reach $400 billion in revenue and become one of the world's top five brands by 2020. Samsung has also established three strategic approaches in its management: creativity, partnership and talent.
 

Tell Us What You Think
Comment:

Name:



Your Next Generation Data Center Is Here! Vblock™ Systems: the world's most advanced converged infrastructure are built on the Cisco Unified Computing System with Intel® Xeon® processors. Vblock™ Systems deliver extraordinary time to market, ROI and TCO, and flexibility to meet your continually changing demands with 5X faster deployment, 96% less downtime, and 1/2 the cost. Click here to learn more.


 Health
1.   Have Snack, Avoid Fight with Spouse
2.   Dieters Are Moving Past Calories
3.   Subway: 'Yoga Mat' Chemical Going
4.   Police Trained to Spot Mental Illness
5.   Device Helps Paralyzed Move Legs


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Tips To Defeat the Heartbleed Bug
Heartbleed headlines continue as IT admins scramble for answers no one has. Early reports of stolen personal data, including 900 social insurance numbers in Canada, are starting to trickle in.
 
NSC Backs Disclosing Software Vulnerabilities
Disclosing vulnerabilities in commercial and open source software is in the national interest and shouldn't be withheld unless there is a clear need, says the National Security Council.
 
Heartbleed Flaw Affects Hardware, Too
It appears the Heartbleed security bug affects not just Web sites, but also the networking equipment that connects businesses and homes to the Net, including Cisco and Juniper's equipment.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Is Amazon Launching a 3D Smartphone?
Once known for selling books on an e-commerce platform, Amazon is now a bona fide hardware maker -- and it's reportedly rolling out an innovative smartphone with a 3D screen.
 
Review: S5 Features Useful, Less About Gimmicks
There's a lot to like about Samsung's new Galaxy S5 smartphone -- among them, its relative lack of features. Samsung chose to focus on features people might actually want, not gimmicks.
 
Analyst: Samsung Galaxy S5 Won't Sway iPhone Lovers
The Samsung Galaxy S5 hits store shelves on Friday and the reviews are starting to pour in. The question is: Can the latest in the Galaxy line grab more market share from Appleā€™s iPhone?
 

Navigation
Sci-Tech Today
Home/Top News | Computing | Digital Life | Discovery | Space | Innovation | Health | Science News
Environment
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.