Nokia's health business is up for sale again, and Google's Nest may be interested

In February, a leaked internal memo revealed Nokia didn't see a future in its digital health division, and as the company works to finalize the  sale of its division, it must sift through several bids, including one from Nest, an Alphabet smart home subsidiary that is being rolled back into Google, according to Wareable.

Nokia's digital health business includes activity trackers and smartwatches made up primarily from the 2016 acquisition of France's Withings, a consumer electronics company. Other potential buyers include two French companies and one other non-European company.

The French government is pushing for a sale to a French company to bolster the country's artificial intelligence presence. However, Google is also forging a path into France with a new AI research center and growing workforce.  

Nokia told Wareable its strategic review is still underway, and it did not comment on the story.  

More articles on health IT:
HHS issues new guidance on SamSam ransomware
Healthcare — The only industry where insider threats outnumber external threats
63% of Americans more concerned about cybersecurity than a potential war, survey finds

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>