Samsung Medison

Samsung Medison — one of the producers of the medical equipment, largest in South Korea. The company releases the ultrasonography scanners, the x-ray systems, etc. As of March, 2016 official distributor of Samsung Medison in Russia is the Medieys company. Initially the company was called Medison, and its renaming happened after absorption by Samsung Electronics corporation.

2018: Samsung sold business on release of devices for laboratory diagnostics

On September 20, 2018 knew sale of division by Samsung Electronics company on release of devices for laboratory diagnostics (in-vitro diagnostics, IVD), South Korean vendor, vkhodyashchey in medical business. The buyer of IVD business of Samsung — the Japanese corporation Nipro which is considered one of leaders of the world market of the systems of dialysis. The cost of the transaction was not disclosed.

According to the Business Korea edition, about an asset sale, connected with the diagnostic medical equipment, Jeon Dong-soo, the president of Samsung Medison, specializing in the ultrasonic equipment, announced at a meeting with the staff of the company. Chong Don-su heads also division of Samsung Electronics on release of medical equipment, including devices for laboratory diagnostics, the x-ray equipment, devices MPT and KT.

Equipment for laboratory diagnostics of Samsung

By September 20, 2018 Samsung and Nipro compounded concerning transition to Nipro of all command of IVD division Samsung as a part of more than 100 people. Samsung Electronics suggested Nipro to accept all employees, and in Nipro agreed, transfers the edition, referring to the informed source.

In the publication it is also told that within sales process IVD бизнеси it will be selected in separate company — the same as it happened to printer division of Samsung which in 2017 was purchased by HP Inc.

Meanwhile, until the end of the first half of 2019 Samsung Electronics can get rid also of the rest of medical business. According to Business Korea, representatives of Samsung contacted Philips concerning possible sale of business in the field of the ultrasonography equipment and also discussed sale of the division releasing x-ray devices with the unnamed Chinese company.

However, in Samsung do not confirm this information.

Now we sell only IVD business and we do not plan the transactions concerning the rest of our business on release the equipment for diagnostic imaging — said in the company.[1]

2016: The new CEO — June Don-su

In March, 2016 the head of medical business of Samsung Electronics June Don-su (Jun Dong-soo) became the CEO of Samsung Medison company. This appointment can be considered the next denial of rumors about plans of Samsung Electronics selling Samsung Medison share.

About what June Don-su was headed by Samsung Medison, reports the The Korea Herald edition. Officially announced this appointment at a meeting of Board of Directors of the company on March 11, 2016.

The head of medical business of Samsung Electronics is appointed the CEO of Samsung Medison

June Don-su succeeded Cho Soo-in who resigned the authority in December, 2015. Thus, the position of the CEO of Samsung Medison remained vacant about three months, generating rumors that Samsung Electronics is going to sell a share in this company.

In February, 2016 the South Korean online edition ChosunBiz wrote that Samsung Electronics began to look for potential buyers of the 68.5 percent share in Samsung Medison, and sales process will be formally started in March. Then Samsung Electronics denied this information.

The Korea Herald is called by June Don-su one of the most successful top managers of Samsung. Before arrival to Samsung Medison he headed Samsung SDS IT company and also directed divisions on release of memory and the digital audiovisual equipment as a part of Samsung Electronics.^[2]

2011-2015: Sale of shares of Samsung

Samsung Electronics purchased a part of Medison company in 2011 for 300 billion wons ($257 million) for the purpose of receiving a new source of income and diversification of the product portfolio. Afterwards still shares were acquired, and by the end of September, 2015 the share of Samsung Electronics in Samsung Medison was estimated already at 478 billion wons ($388 million).

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