iPhone Manufacturer Foxconn Expects Med Device Biz to Ramp Up From $20 Million to $200 Million By 2020
Last year Taiwan-based electronics manufacturer Foxconn quietly acquired a stake in continuous vital signs monitoring company Sotera Wireless for an undisclosed sum. (As MobiHealthNews reported at the time, an SEC filing last April showed that Sotera had raised $20 million from undisclosed backers.) The Wall Street Journal recently reported that Foxconn is working to expand its medical device efforts through a deal with another California-based medical device maker, radiation-treatment device company Varian Medical Systems.
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