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Samsung in negotiations to acquire MRI, X-ray makers

Samsung Electronics is in negations to acquire makers of MRI scanners and X-ray machines, as part of its plans to expand into health care as its overall revenue grows at the slowest pace in five years and as populations worldwide get older.

Samsung Electronics plans to invest $1.1bn in the medical- equipment business by 2020, reported Bloomberg.com.

Along with acquisitions, Samsung also plans to increase hiring as well as R&D at its own medical-equipment business.

The South Korea-based firm bought a 43.5% controlling stake in Medison, a diagnostic ultrasound devices maker, in 2010 and increased its stake in Medison to 65.8% in April this year.

It has also acquired 100% stake in Prosonic from Consus Asset Management for 331.3bn Korean Won.

Bloomberg has quoted Samsung SVP and head of Medison’s research center Jo Jae Moon as saying that they have a lot of companies on list and have a target to be the No 1 across ultrasound devices, X-rays and MRIs.