Samsung med device sales spiked in 2012

Samsung, the South Korean consumer electronics giant, expects its medical device sales will hit the $500 million mark this year. As Reuters reports, that's a substantial jump from $300 million in sales booked during 2012, an increase made possible by acquisitions. The company acquired diagnostic ultrasound company Medison in December 2010 in a deal Bloomberg said at the time surpassed $262 million. Samsung has pledged to build a major presence in the medical device and technology space, in large part by snatching up players in the MRI and computed tomography spaces. But Samsung's ultimate sales goal remains much higher: It expects its medical equipment products to reach $10 billion in sales by 2020. Story