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 […]
Panasonic (NYSE:PC) said today it closed its $1 billion buy of Bayer‘s (ETR:BAYN) diabetes care business. The diabetes care business will operate as a stand alone company, named Ascensia Diabetes Care and will develop, manufacture, market and sell blood glucose monitoring meters and strips across 125 countries, according to Panasonic. “Our goal is to ensure high-quality […]
(Reuters) — Bayer‘s (ETR:BAYN) has agreed to sell its Diabetes Care business to Panasonic Healthcare Holdings, backed by KKR (NYSE:KKR) and Panasonic (NYSE:PC), for 1.02 billion euros ($1.15 billion), the company said on Wednesday. The deal, expected to be completed in the first quarter of 2016, marks Bayer’s second attempt to divest the blood glucose monitoring […]
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Panasonic Corp. (NYSE:PC) is getting into the health care game with the establishment of Panasonic Healthcare Company of North America.
The Secaucus, N.J.-based electronics giant aims to become the No. 1 green innovation company in the electronics space by 2018 with energy-efficient health care products and systems.
The endeavor that hasn’t garnered much favor from Wall Street, where PC shares were trading about 4.7% lower, at $8.62, as of about 10 a.m. today.