The Straits Times
www.straitstimes.com
Published on Jan 29, 2013
 

Samsung buys US medical device start-up

 
 

SEOUL (REUTERS) - Samsung Electronics Co said on Tuesday that its United States subsidiary had acquired NeuroLogica, a maker of computed tomography (CT) machines, in its latest push into the medical equipment business to take on the likes of General Electric Co and Philips AG.

Samsung Electronics America has fully acquired Massachusetts-based start-up NeuroLogica for an undisclosed amount, the South Korean company said in a statement.

NeuroLogica, which was established in 2004, manufactures portable CT scanners.

The head of Samsung's consumer electronics division had told Reuters earlier this month that the company was seeking to grow its medical device unit by adding Magnetic resonance imaging (MRI) scanners and CT machines, and the company was open to making acquisitions.