Save the Date - Our next Clean Sweep Live Auction will be on Tuesday, September 26th at 9:30AM EST

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
Current Location:
> This Story

Log in or Register to rate this News Story
Forward Printable StoryPrint Comment


Business Affairs Homepage

Alpha Imaging acquires Medical Imaging Systems Will provide services to customers in 16 states

Invicro acquires Imanova Creating the world’s largest provider of translational imaging services

Resilience Capital Partners acquires three medical device service and manufacturing companies Forms Innovatus Imaging Corporation

Mazor Robotics and Medtronic enter next phase of strategic partnership Medtronic to make a $40 million investment

Dr. Michael A. DeVita EarlySense appoints first chief medical officer

For Philips, Asia-Pacific is filled with opportunity Number of people over age 60 in region projected to hit 1.3 billion by 2050

Nandini Ramani Outcome Health hires first chief engineering officer

Patient face-time is radiology's big goal, but it doesn't pay as well Radiologists struggle with 'competing priorities' as they seek to maintain incomes under Medicare cuts

Philips moves to consolidate offices in Nashville area Will create about 800 new jobs in 'center of expertise'

Medical Device Cybersecurity Act of 2017: benefits and burdens Does proposed legislation overlook the needs of third-party servicers?

Courtesy: Toshiba

The Toshiba Medical Systems bidding war is taking shape

by Gus Iversen , Editor in Chief
Late last month, Toshiba shook the health care industry when it announced it would pursue the sale of a majority share in its medical equipment business. Since then, thanks primarily to an anonymous Reuters informant, some of the fog has lifted around who we can expect the serious contenders to be.

Some of the most likely purchasing candidates include familiar health care entities like Fujifilm, Konica Minolta, Canon, and Sony. In some cases those companies have teamed up with financial partners to place their bid.

Story Continues Below Advertisement

New OEC 9800 LCD upgrade available! Call today: 800-400-7972

Easy install retrofit kit! Extend the life of your OEC system by upgrading the CRTs to dual 2MP LED displays mounted on an articulating arm. Priced competitively & optimized for do-it-yourself installation in under an hour.

The news agency reported that a first round of bidding was expected to close today, January 29, with a second round pending.

The U.S. private equity firms, KKR & Co and Bain Capital have also reportedly thrown their hats in the mix, although some have speculated that the sale will likely go to a Japanese company — allowing the country to retain the economic benefits of the business.

Companies that were previously cited as contenders include Hitachi, Samsung and GE Healthcare — but it would appear that they are no longer likely suitors.

The Japan Times reported that Toshiba expects to gain some ¥500 billion (over $4 billion) if it sells 80 percent of Toshiba Medical Systems, according to sources.

While the size of the stake purchased will reportedly be determined in a second round of bidding, the sale of Japan's largest health care business is expected to carry a price tag in excess of $3 billion, according to the Reuters report.

With the exception of Canon, whose executive vice president and chief financial officer, Toshizo Tanaka, told reporters that the company "was raising its hand" for Toshiba Medical, the other potential bidders have not been publicly forthcoming about their intentions.

Toshiba is hoping to close the deal by the end of March and raise cash to help improve its financial standing as it undergoes restructuring, and aims to recover from accounting scandals involving exaggerating profits over six years.

Business Affairs Homepage

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2017 DOTmed.com, Inc.