From the November 2017 issue of HealthCare Business News magazine


Toshiba Medical Systems is poised to become Canon Medical Systems

As the medical imaging industry stands by and watches, Canon is finally gearing up to integrate Toshiba’s former medical unit fully into its business.

Toshiba Medical Systems Corporation will be officially renamed Canon Medical Systems Corporation on Jan. 4, 2018, following a much publicized, and controversially structured, deal between the pair that saw the entity’s departure from the Toshiba Group last year.



Since then, a lengthy regulatory approval process has taken place to complete the integration of the unit, necessitated by the global nature of the company that demanded it follow a variety of national or regional laws covering both pharmaceuticals and medical devices.

All the while, Canon executives have been stressing that the synergy from the deal will put the company in a position to take on world leaders in the health care equipment and information technology sectors.

In October, the company announced ambitious financial goals, including seeking a group revenue increase of over $44 billion with 15 percent operating profit margins and net profit margins of over 10 percent by 2020.

“We have now lined up new businesses in four key growth areas — commercial printing, network cameras, industrial devices and health care,” said Fujio Mitarai, Canon’s chairman and CEO. “From this year, we plan to redouble our efforts, particularly in health care.”

The Toshiba Medical deal is the crown jewel of the repositioning plan as health care is “an area of the greatest potential,” according to the company.

Watching how Canon Medical Systems harnesses that potential will likely be one of the top stories for 2018.

November 2017 Magazine

Read more stories from the November 2017 issue

More Industry Headlines