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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; [email protected]

Stock News for Itc (ITC)
02/16/201709:11:39Annual Report (10-k)
02/14/201710:45:50Amended Statement of Ownership (sc 13g/a)
02/09/201711:42:27Amended Statement of Ownership (sc 13g/a)
01/24/201716:40:45Amended Current Report Filing (8-k/a)
01/24/201716:37:15Amended Current Report Filing (8-k/a)
01/13/201706:45:00ITC Receives Presidential Permit from U.S. Department of Energy...
01/05/201716:40:36Current Report Filing (8-k)
01/03/201716:07:27Termination of Registration of a Class of Security Under Section...
12/12/201616:40:05Current Report Filing (8-k)
12/12/201606:45:00ITC Holdings Corp. Announces New Board Appointments
12/07/201616:43:45Current Report Filing (8-k)
11/04/201606:10:36Quarterly Report (10-q)
10/28/201616:32:53Current Report Filing (8-k)
10/24/201606:01:30Notice of Effectiveness (effect)
10/24/201606:01:30Notice of Effectiveness (effect)
10/24/201606:01:30Notice of Effectiveness (effect)
10/24/201606:00:55Notice of Effectiveness (effect)
10/18/201617:38:42Statement of Changes in Beneficial Ownership (4)
10/18/201617:36:33Statement of Changes in Beneficial Ownership (4)
10/18/201617:30:35Statement of Changes in Beneficial Ownership (4)

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