News | Business | March 09, 2016| Jeff Zagoudis

Canon to Acquire Toshiba Medical

Winning bid for Toshiba's healthcare division reportedly valued at more than $6 billion
 

Toshiba Medical Systems, acquisition, Canon

March 9, 2016 — Japanese business magazine Nikkei Asian Review reported Wednesday that Canon has been named the winning bidder for the acquisition of Toshiba Medical Systems. As the winning bidder, Canon has exclusive rights to negotiate until March 18 for a majority stake in the company. The winning bid was reportedly valued at $6.21 billion.  

The sale marks the conclusion of a story that began in February 2015, when Toshiba revealed that it had been manipulating its financial figures since 2008, in the wake of the global economic downturn. Revised reports submitted to the Japanese Securities and Exchange Surveillance Commission showed the company was stagnant or declining in several markets, including major revenue declines in 2015.

To help revitalize itself, Toshiba announced last December that it was considering selling off its healthcare division. According to the company, Toshiba Medical Systems remained profitable but would require additional research and development and management resources to continue expanding. A December 2015 financial report indicated net sales for the healthcare segment rose to $3.4 billion last year.

The sale announcement generated interest from many potential investors. Sarah Janer, an analyst covering medical devices for market research firm GlobalData, noted the sale provided an excellent opportunity for companies to enter the global diagnostic imaging market, which is projected to reach a value of $42.4 billion by 2020.

Janer listed Canon as one of several major investors showing interest, along with Fujifilm.

“While both offer digital radiography devices, heavy investment in Toshiba Medical could expand their range to computed tomography (CT) and magnetic resonance imaging (MRI) systems,” Janer noted.

For more information: www.toshibamedical.com, www.canon.com

Related Content

Vascular screening for abdominal aortic aneurysm, peripheral artery disease and hypertension during the VIVA Study in Denmark

Vascular screening for abdominal aortic aneurysm, peripheral artery disease and hypertension during the VIVA Study. Photo credit: Lisbeth Hasager Justesen, Viborg Hospital.

News | Cardiac Diagnostics| September 12, 2017
September 12, 2017 — A new screening program for vascular disease saves one life for every 169 men assessed, accordin
Cardiovascular Research Foundation (CRF) announced the promotion of Juan F. Granada, M.D., as the foundation’s president and chief executive officer (CEO). CRF sponsors TCT.

The Cardiovascular Research Foundation (CRF) announced the promotion of Juan F. Granada, M.D., as the foundation’s president and chief executive officer (CEO).

Feature | Cath Lab| September 12, 2017
September 12, 2017 – The Cardiovascular Research Foundation (CRF) a
Abbott. St. Jude Medical has updated its firmware to address cybersecurity issues with its Allure Quadra MP and other EP devices

Abbott. St. Jude Medical has updated its firmware to address cybersecurity issues with its Allure Quadra MP and other EP devices.

Feature | EP Lab| August 29, 2017 | Dave Fornell
August 29, 2017 — The U.S.
News | August 28, 2017
To ensure you continue to receive information most critical to your job, please participate in a survey that will tak
Healthcare cybersecurity concerns have increased dramatically as EMRs and medical devices become more digitally connected.

Healthcare cybersecurity concerns have increased dramatically as EMRs and medical devices become more digitally connected.

Feature | Cybersecurity| August 18, 2017 | Dave Fornell
August 17, 2017 — Cybersecurity has become a growing concern in healthcare as patient data, medical systems and impla
CMS considers eliminating cardiac bundled payments.
Feature | Business| August 16, 2017 | Dave Fornell
August 16, 2017 — The Centers for Medicare and Medicaid Services (CMS) announced a proposed rule to reduce the number
CMS is considering eliminating or changing bundled payments for cardiac rehabilitation.

CMS considers eliminating or changing bundled payments for cardiac rehabilitation.

News | Business| August 14, 2017 | Dave Fornell
...
Left Atrial Pressure Monitor from Vectorious Medical Technologies Offers New Hope for Heart Failure Patients

On of the top stories in July was the introduction of a left atrial pressure monitor from Vectorious Medical Technologies to prevent heart failure patient hospitalizations or readmissions. Read the article"Left Atrial Pressure Monitor Offers New Hope for Heart Failure Patients."

Feature | August 01, 2017 | Dave Fornell
Aug.
Nuance Restores Service to Majority of eScription Clients Following Malware Incident
News | Information Technology| July 28, 2017
Nuance Communications Inc. provided an update on its restoration process following the previously reported June 27,...
Overlay Init