Panasonic (NYSE:PC) said yesterday it is shifting its Panasonic Healthcare Holdings groups name to PHC Holdings.

Along with the name change, the company said it is adopting the new tagline “Healthcare with Precision” which “represents the company’s wish to support all who desire better health through the advanced technological strength that develops its precision products.”

The newly renamed PHC Holdings said that it will work closely with healthcare and life science professionals as it looks to retain and maximize its customers and society, according to a press release.

In January 2016, Panasonic closed its $1 billion buy of Bayer‘s (ETR:BAYN) diabetes care business.