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

CIVCO Radiotherapy and Adaptiiv ink distribution deal Partnership will increase access to software that personalizes radiotherapy

BWXT to acquire Sotera Health’s Nordion medical isotope business $150M in capital expenditures expected this year

Four ways to attract prospective patients online Helping care seekers get from Google to your facility

With NVIDIA, Canon brings deep learning to its VNA Combining Abierto VNA data with DGX analytics

Physicians should be granted immunity to malpractice lawsuits, says study Recorded a 13 percent decline in adverse events over four years

FDA okays AI-driven device to identify diabetic retinopathy 'A historic moment' toward the future of healthcare

Study finds majority of U.S. radiologists practice as generalists Bringing new clarity to the composition of the imaging workforce

Fujifilm enters the US minimally-invasive surgery market Its new Boston-based business launched new products

Siemens selects SAS IoT analytics to manage data from its global install base Aims to maximize uptime for CT, MR and other systems

Premier Imaging Ventures is now LucidHealth Rebranded to reflect company's vision for the future of radiology

Canon elaborates on financial goals with Toshiba Medical in the fold

by Thomas Dworetzky , Contributing Reporter
In the lead-up to RSNA, Canon has purchased editorial space in the Financial Times to elaborate on its plans for the future after fully integrating Toshiba Medical Systems into its business.

“As Canon’s first president was a doctor, there was always a yearning to make health care one of our main businesses,” Fujio Mitarai, Canon’s Chairman and CEO, stated in the FT article. “We are delighted that Toshiba Medical is joining our group; it feels as if our dream of launching into the global health care market has been achieved, all in one fell swoop.”

Story Continues Below Advertisement

Source-Ray, Inc. - Innovations In Portable X-Ray

SRI is a leading Developer, Manufacturer & Supplier of Innovative Portable Imaging Equipment. We offer Lightweight, Agile, Easy to Maneuver Portable X-Ray Systems ideal for maneuvering in tight spaces. Call us at 631-244-8200

The buy represented part of a planned pivot for Canon. Recent years have seen an erosion of some of its core businesses – office gear and cameras – as massive inroads have been made into that space by smartphones and a shift toward paperless, digital “paperwork”.

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

The company has announced ambitious financial goals, including to see group revenues increase to over $44 billion, with 15 percent operating profit margins and net profit margins of over 10 percent, by 2020.

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

When acquired, the medical group, with 86 years of history and a presence in 140 countries and regions, was one of Toshiba's most profitable. Toshiba Medical President and CEO Toshio Takiguchi noted that it “has developed a lot of technologies and products which are Japan-first or world-first in diagnostic imaging.”

Canon has not been as big a player as Toshiba Medical in the world medical space, noted Mitarai. “So, we expect Toshiba Medical to take initiatives, including in the selection of M&A candidates, with full backing and funding from the Canon group.”

Canon's regional plans at present include continued expansion of its global network with an emphasis on targeting university hospitals, high-end medical facilities, and collaborative research, which it hopes will help to build brand awareness in the U.S. It also hopes to focus on the high-end device market in Europe, and to build market share in Russia.

“We hope to expand into different markets, matching the country’s developmental phase and adjusting to government policies,” said Mitarai.

Toshiba Medical Systems Corporation will be getting its name changed to Canon Medical Systems Corporation on January 4, 2018, at which point the much publicized – and controversially structured – 2016 deal will finally be completed.

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, Inc. Copyright ©2001-2018, Inc.