Samsung says agreed to buy medical firm Medison

SEOUL (BestGrowthStock) – Samsung Electronics Co (005930.KS: ) said on Tuesday it had agreed to acquire a majority stake in South Korean medical equipment company Medison.

Samsung said in a statement that it will acquire a 43.5 percent stake in Medison, which makes ultrasonic medical equipment, as well as 100 percent of Medison unit Prosonic.

Samsung declined to disclose the deal’s value, although a source told Reuters earlier that the deal would be worth over 300 billion won ($262 million).

(Reporting by Hyunjoo Jin and Jongyoun Park; Editing by David Chance)

Samsung says agreed to buy medical firm Medison