Samsung in talks to invest in California-based Exo
[SEOUL] Samsung Electronics' investment arm is among a group of firms seeking to invest in US health-care software and device company Exo Imaging, according to people familiar with the matter.
Samsung Ventures Investment may participate in a private fundraising round led by Sands Capital, Bold Capital and Qubit Health Capital, the people said, asking not to be identified because the information is private. Santa Clara, California-based Exo could get about US$100 million in total, the people said.
Qubit Health chairman Omar Ishrak is also set to join Exo's board, the people said. Ishrak was previously chief executive officer at Medtronic, as well as General Electric's health-care business.
Exo is also in talks to partner with Samsung Medison, which makes ultrasound diagnostic devices and sells digital X-ray systems and scanners, the people said.
Discussions on all the potential developments are ongoing and details could change, the people said.
Samsung declined to comment, while Exo, Sands, Bold and Qubit didn't respond to requests for comment. Ishrak also didn't immediately respond. BLOOMBERG
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