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Samsung Electronics Acquires U.S. Healthcare Equipment Maker Nexus

SEOUL -(Dow Jones)- Samsung Electronics said Wednesday that it has acquired U.S. healthcare equipment maker Nexus, as the electronics giant continues to expand in the healthcare sector following its first takeover of a medical company last year. Nexus, a division of ITC Nexus Holding Company, is a provider of cardiac-testing solutions, which helps in the monitoring of various cardiovascular diseases, Samsung said in a statement, without disclosing financial details of the deal. "This partnership will play a vital role in helping Samsung to position itself as a global leader in healthcare technology," said Yong-chu Bang, Vice President of Samsung Electronics' health and medical equipment business. In December, the world's largest technology company by revenue acquired a 43.5% stake in Medison Co., a South Korean medical equipment maker, for KRW331.4 billion (US$292.2 million). As part of its long-term plans to develop new engines of growth, Samsung announced last year that it aims to invest KRW1.2 trillion through 2020 in the healthcare sector. The acquisition of Nexus is expected to be completed in the fourth quarter of 2011, Samsung added. -By Jung-Ah Lee, Dow Jones Newswires; 822-3700-1907; jung-ah.lee@dowjones.com

Stock News for Itc (ITC)
DateTimeHeadline
03/17/201518:37:13Own utilities despite rising rate environment, two analysts say
03/11/201516:09:23Current Report Filing (8-k)
02/26/201508:38:20Current Report Filing (8-k)
02/26/201508:30:00ITC Reports Fourth Quarter and Year Ended 2014 Results
02/25/201516:19:40Current Report Filing (8-k)
02/17/201511:57:19Amended Statement of Ownership (sc 13g/a)
02/13/201510:20:44Amended Statement of Ownership (sc 13g/a)
02/12/201516:30:00ITC Schedules Year-End 2014 Earnings Release and Webcast
02/11/201516:21:19Annual Statement of Changes in Beneficial Ownership (5)
02/11/201516:18:55Initial Statement of Beneficial Ownership (3)
02/10/201513:09:21Amended Statement of Ownership (sc 13g/a)
02/09/201516:59:57Amended Statement of Ownership (sc 13g/a)
02/06/201516:06:26Current Report Filing (8-k)
02/04/201516:35:00ITC Announces Corporate Reorganization
02/03/201516:30:00ITC Declares Dividend to Shareholders
01/28/201516:16:39Current Report Filing (8-k)
01/26/201517:19:42Amended Statement of Ownership (sc 13g/a)
01/05/201516:12:50Statement of Changes in Beneficial Ownership (4)
01/05/201516:12:12Statement of Changes in Beneficial Ownership (4)
01/05/201516:11:38Statement of Changes in Beneficial Ownership (4)

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