Samsung Electronics announced plans to acquire Xealth, a digital health company spun out of Providence in 2017, in a strategic move to bridge consumer wellness technology with clinical healthcare delivery. The acquisition, announced July 8, positions Samsung to leverage its extensive wearable device ecosystem within hospital systems across the United States.
Strategic Integration of Consumer and Clinical Health Data
Xealth operates as a centralized platform that helps healthcare providers digitally engage patients by allowing clinicians to order and monitor various digital tools and programs. The platform encompasses remote patient monitoring, digital therapeutics, mHealth applications, and patient education resources while streamlining vendor integration, distribution, and enrollment processes.
"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," said Mike McSherry, CEO of Xealth. The integration aims to design a bridge between home health monitoring and clinical decision-making, with provider workflow considerations and patient engagement at the core of the effort.
Extensive Healthcare Network and Digital Health Ecosystem
Xealth has established partnerships with over 500 U.S. hospitals, including major health systems such as Charlotte-based Advocate Health, Phoenix-based Banner Health, and UPMC. The platform also maintains relationships with more than 70 digital health solution partners, creating a comprehensive network for digital health delivery.
As the first technology spinout from Providence's Digital Innovation Group, Xealth combines multiple digital health solutions into one interface and platform. The system provides centralized reporting and analytics across patient populations and physician groups, enabling healthcare providers to manage digital health initiatives more effectively.
Samsung's Connected Care Vision
TM Roh, president and acting head of Samsung's Device eXperience Division, emphasized the strategic importance of the acquisition: "We believe 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."
Samsung's portfolio of wellness tools, including smartwatches and smart rings, generates substantial consumer health data that could enhance clinical decision-making when integrated with Xealth's platform. This combination would enable healthcare providers to access more comprehensive patient information beyond traditional clinical records.
Transaction Timeline and Regulatory Process
The acquisition agreement was signed on July 8, with the deal expected to close later this year following regulatory approval and customary closing conditions. The transaction represents Samsung's continued expansion into healthcare technology and digital health solutions, building on its existing consumer wellness device ecosystem.
