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The HemoScreen blood test analyzer device developed by PixCell Medical (Courtesy)
PixCell Medical, an Israeli maker of blood test analyzers, said Monday that South Korea’s Soulbrain Holdings has acquired all of the controlling shares of the company and has invested in the firm. This makes Soulbrain the majority shareholder of PixCell Medical. Financial details of the deal were not disclosed.
The acquisition is in line with the South Korean firm’s bid to transition from manufacturing semiconductors to the healthcare and in-vitro diagnostics space to boost growth, PixCell said in a statement. Soulbrain’s shares are traded on the Korean Securities Dealers Automated Quotations (KOSDAQ) exchange at a valuation of about $1 billion.