Sony (TYO:6758) will reportedly sell its 5% stake in Olympus (TYO:7733) back to the company for nearly $760 million. The deal for Sony’s 68.9-million-share stake is worth ¥80.4 billion, or about $756.7 million, Reuters reported. Hedge fund Third Point, run by activist investor Daniel Loeb, had called for Sony to divest its Olympus shares, although a Sony […]
Olympus launches joint Sony-developed Orbeye 4K-3D video microscope
Olympus (TYO:7733) said today it launched its Orbeye 4K-3D video microscope developed by Sony Olympus Medical solutions, a joint venture between Olympus and Sony‘s (TYO:6758) Imaging Products & Solutions biz. The company said the Orbeye microscope is designed to provide high-resolution 3D imaging of the structure of tissue, blood vessels and other features to enable more accurate […]
M3 medical portal, backed by Sony, gets into medical devices with MedTecHeart investment
M3 Inc., a Sony (TYO:6758)-backed Japanese web portal for physicians, is getting into the medical device game with an investment in MedTecHeart and its outside-the-body cardiac assist device. A joint venture between Tokyo Medical & Dental University and the Tokyo Institute of Technology, MedTecHeart’s extracorporeal ventricular assist device is designed to treat patients with heart failure using […]
Bidding war heats up for Toshiba Medical
A bidding war for Toshiba (TYO:6502) subsidiary Toshiba Medical is reportedly heating up among a slew of private equity players and rival corporations. Toshiba, which said last month that it’s seeking outside investors to buy a stake in the healthcare business amid laying off nearly 7,000 workers, wants to focus on its core nuclear energy and chip businesses. Private equity shops KKR and Bain […]
Olympus, Sony to debut hi-def endoscope
(Reuters) — Sony Corp. (TYO:6758) and Olympus (TYO:7733) said they plan to unveil an ultra high-definition surgical endoscope this week, the 1st major product from a joint venture formed 3 years ago. The product allows physicians to view clearer, more instant images of internal organs, aiding precision during surgical procedures, the medical device makers told Reuters ahead of an […]
Sony’s SmartWig: Vital-sign monitoring with style | MassDevice.com On Call
MASSDEVICE ON CALL — Technology giant Sony Corp. (TYO:6758) filed patents this year for "SmartWig" technology, described as everything from standard health monitoring to a "presentation aid," MobiHealthNews reported.
CAZ Investments raises $29M fund | Wall Street Beat
CAZ Investments raised a nearly $29 million funding round it plans to use to back medical companies that already have products on the market.
The Houston-based asset management firm reeled in $28.7 million from 61 unnamed investors, according to a regulatory filing.
CAZ Investments chairman Christopher Zook said the firm plans to use the cash to invest in commercialized companies.
Sony puts $10M into Israeli medical device portfolio company Rainbow Medical
Technology giant Sony Corp. (TYO:6758) invested $10 million into Israel-based Rainbow Medical, a medical device portfolio company that has drawn other big players in the medtech industry.
Medtech newcomer Sony expands device biz, lays off thousands
There are mass layoffs in the works as electronics giant and medical device industry newcomer Sony Corp. (TYO:6758) continues its company-wide overhaul.
Sony picks up 11% Olympus stake for $640M | Wall Street Beat
Sony Corp. (TYO:6758) plans to become the largest shareholder in Olympus (TYO:7733) with a $642 million investment that will give it an 11% stake in Olympus.
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