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
SEARCH
Current Location:
>
> This Story


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

 

Business Affairs Homepage

Shanghai Pharma to acquire Cardinal Health China business for $1.2 billion Deal includes pharma and medical products distribution business

ACR chair urges congress to fund low-dose radiation research Last BEIR report on effects of low-dose exposure issued over 10 years ago

GE to whittle down, focus more on health care CEO Flannery also plans to prioritize aviation and power businesses

First Lady of Mozambique visits KPI Healthcare headquarters Finalizing medical equipment contract to reduce mortality in African nation

Konica Minolta signs group purchasing agreement with Premier for the Exa platform The three-year deal brings special pricing to 3,900 hospitals

Siemens Healthineers IPO: New details from CEO, Joe Kaeser Internal preparations expected to conclude by March

Mike Kaufmann Cardinal Health names new CEO

Why employers with dispersed workforces should care about physician quality Lower quality treatment yields higher systemwide expenses

Imaging departments stay afloat during hurricanes Advice from the front lines of Harvey and Irma

Stryker partners with Philips to offer new and reprocessed ECG leads for one low price May divert millions of pounds of waste from landfills per year

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

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
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
Quotes
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.
ALL RIGHTS RESERVED