News | September 30, 2007

Siemens Japan Acquires Majority Stake of Mochida Siemens Medical Systems

October 1, 2007 - Mochida Pharmaceutical Co. Ltd. and Siemens K.K. Japan have agreed to change the ownership interest both companies hold in their joint venture Mochida Siemens Medical Systems Co. Ltd., due to the fact that the collaboration has steadily expanded its business in the diagnostic ultrasound market in Japan, especially in the obstetrics and gynecology market where it holds a significant market share.

Today, Mochida Pharmaceutical transferred 16 percent of its outstanding shares to Siemens K.K., making Siemens K.K. a 51 percent equity stakeholder. Mochida Siemens Medical Systems Co. Ltd. will become a fully consolidated subsidiary of Siemens and an equity-consolidated affiliate of Mochida Pharmaceutical Co. Ltd.

The joint venture's current President and Representative Director, Shuichi Ishii, will retain his position and take on additional responsibilities as the company's Chief Operating Officer (COO). Holger Klotz, currently the Managing Director and CEO of Mobisphere Ltd., a Siemens and NEC Joint Venture, will join the management team as CEO, Chairman and Representative Director.

With the new International management and a comprehensive product and applications portfolio, Siemens-Mochida plans to expand its position in the cardiovascular and internal medicine markets, addressing the health issues in Japan across the entire spectrum of ultrasound solutions.

For more information: www.siemens.com/medical

Related Content

Logicalis Healthcare Solutions, Epic service desk, HIMSS17
News | Electronic Medical Records (EMR)| March 06, 2017
March 6, 2017 — Logicalis Healthcare Solutions announced in February a new service desk offering – Service Desk for E
HIMSS Leadership and Workforce Survey, HIMSS17, electronic medical records, EMR, health information technology
News | Electronic Medical Records (EMR)| February 21, 2017
A new study from the Healthcare Information and Management Systems Society (HIMSS), unveiled at the 2017 HIMSS...
ECG, heartbeat, password access, electronic health records, Binghamton University SUNY study, Zhanpeng Jin
News | Electronic Medical Records (EMR)| January 26, 2017
Researchers at Binghamton University, State University of New York have devised a new way to protect personal...
AMA, American Medical Association study, EMRs, electronic medical records, physician burnout
News | Electronic Medical Records (EMR)| September 07, 2016
Technological and administrative obstacles are significantly cutting into available time for physicians to engage with...
IBISWorld, electronic medical records, EMR software, price, market report

Image courtesy of IBISWorld

News | Electronic Medical Records (EMR)| June 07, 2016
According to market research firm IBISWorld, the average price of electronic medical record (EMR) software is forecast...
ONC, survey, electronic health records, adoption, 2015
News | Electronic Medical Records (EMR)| June 03, 2016
According to data from a new survey, nearly all of the nation’s hospitals have adopted certified electronic health...
CMS, Meaningful Use replacement, Meaningful Outcomes, JPM16
News | Electronic Medical Records (EMR)| January 15, 2016
The Centers for Medicare and Medicaid Services (CMS) announced Monday that it will be ending the Meaningful Use program...
Overlay Init