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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;

Stock News for Itc (ITC)
10/02/201516:17:42Statement of Changes in Beneficial Ownership (4)
10/02/201516:16:48Statement of Changes in Beneficial Ownership (4)
10/02/201516:16:24Statement of Changes in Beneficial Ownership (4)
10/02/201516:15:31Statement of Changes in Beneficial Ownership (4)
10/02/201516:14:40Statement of Changes in Beneficial Ownership (4)
10/02/201516:14:12Statement of Changes in Beneficial Ownership (4)
10/02/201516:13:21Statement of Changes in Beneficial Ownership (4)
10/02/201516:12:29Statement of Changes in Beneficial Ownership (4)
10/01/201506:30:00ITC Announces $115 Million Share Repurchase Program
09/02/201516:24:57Current Report Filing (8-k)
08/21/201516:28:56Current Report Filing (8-k)
08/21/201516:12:47Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/21/201516:12:20Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/21/201516:12:19Post-effective Amendment to an S-8 Filing (s-8 Pos)
08/19/201516:05:00ITC Increases Quarterly Dividend Rate by 15 Percent
07/30/201517:50:43Quarterly Report (10-q)
07/30/201508:43:16Current Report Filing (8-k)
07/30/201508:30:00ITC Reports Continued Strong Growth for Second Quarter and Year-to-Date...
07/28/201516:05:00ITC Petitions FERC to Allow Competitive Transmission Process...
07/16/201516:05:00ITC Schedules Second Quarter 2015 Earnings Release and Webcast

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