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Qualcomm ends Life, exits healthcare

It doesn’t come as a major surprise, but Qualcomm has dumped its Qualcomm Life subsidiary, selling it off to Francisco Partners for an undisclosed sum. Like IBM, Qualcomm seems to have struggled to realize the potential of the healthcare sector – a fertile land that promised huge profits to those technology firms that could take root. IBM ran into trouble when it transpired that Watson wasn’t meeting expectations, and Qualcomm seems to have decided that its wearable and wireless outlook doesn’t have much scope here. The terms of the sale to the private equity firm have not been disclosed, and Qualcomm hasn’t given detail on how the wing grew. Founded in 2011, Qualcomm Life was given $100mn to ‘accelerate wireless…

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