Toshiba Medical said today it launched the MR Theater, an immersive virtual experience designed for patients underoging magnetic resonance exams. The company said its MR Theater is designed to give patients a visual focal point to distract them from the exam and encourage them to relax and stay still, which results in more efficient, high-quality […]
Toshiba
Toshiba Medical Systems enters the race for Takeda’s chemicals subsidiary
Toshiba Medical Systems, the medical device business Toshiba (TYO:6502) is selling to Canon (NYSE:CAJ) for $6.5 billion, reportedly entered the race to acquire a chemicals subsidiary of Takeda Pharmaceutical (TYO:4502). The Nikkei business daily reported today that Takeda is looking to sell its 70% stake in Osaka-based Wako Pure Chemicals Industries, with the 1st round of bidding closing August 16. Toshiba Medical is competing […]
Report: Japan OKs Canon’s $6.5B Toshiba Medical buy, despite reservations
Anti-trust regulators in Japan reportedly approved the $6.5 billion acquisition of Toshiba‘s (TYO:6502) medical device business to Canon (NYSE:CAJ), but warned about the deal’s questionable structure. Toshiba managed to book the sale before the deal actually closed by setting up a holding company with just $300 in assets to skirt Japanese anti-trust regulations. Yesterday Japan’s Fair Trade Commission said the method […]
Fujufilm, jilted in Toshiba Medical sale, still hot to trot the M&A trail
Fujifilm Holdings (TSE:4901), which lost out in March to Canon (NYSE:CAJ) in the race for Toshiba‘s (TYO:6502) medical device business, is still hot to trot on the mergers & acquisitions trail. New COO Kenji Sukeno said the Japanese company is looking at pharmaceuticals and the regenerative medicine space. “There are various deals on the table, though I can’t give details,” Kenji […]
Toshiba promotes medical chief Tsunakawa to CEO
Toshiba (TYO:6502) said today that it promoted the chief of its medical equipment business, Satoshi Tsunakawa, to be its next CEO as it looks to recover from a $1.5 billion accounting scandal. Tsunakawa, 60, is credited with having grown profits for the medical business. He was not involved in the accounting scandal; ex-CEO Hisao Tanaka and 7 other senior […]
Toshiba got the cash for its medical biz before the deal closed
Toshiba (TYO:6502) managed to book the $5.95 billion sale of its medical business to Canon (NYSE:CAJ) before the deal actually closed, by setting up a holding company with just $300 in assets to skirt Japanese anti-trust regulations. In March, Toshiba granted Canon exclusive negotiating rights to buy Toshiba Medical Systems after a hotly contested auction. Toshiba badly needed the ¥665.5 […]
Toshiba partners with UCI to study potential brain damage in HS football players
Toshiba (TYO:6502) said yesterday it is partnering with the University of California, Irvine to study possible brain damage incurred in high school football players. The study is the 1st-of-its-kind investigating cerebral microbleeds as a potential precursor to chronic traumatic encephalopathy, and will operate using Toshiba’s Vantage Titan 3T magnetic resonance imager as the main diagnostic tool, […]
Toshiba wins clearance from USAF for Aplio Platinum ultrasound systems
Toshiba (TYO:6502) said today it won clearance through an “authorization to operate” with the U.S. Air Force for the company’s Aplio Platinum series of ultrasound systems. Toshiba’s Aplio 500 platinum and Aplio 300 platinum ultrasound systems won clearance by meeting the Air Force and Defense Health Agency’s Platform Information Technolagy guidelines implemented to protect Patient Health Information […]
Toshiba deals medical biz to Canon for $5.9B as U.S. authorities launch accounting probe
Toshiba (TYO:6502) said yesterday that it inked a deal to sell its medical device business to Canon (NYSE:CAJ) for $5.9 billion, as the U.S. Justice Dept. and the SEC probed the accounting practices in its U.S. businesses, and today said it plans to lay off an additional 3,000 workers. Toshiba last week granted Canon exclusive negotiating rights to buy […]
Jilted Fujifilm questions Toshiba on timing of medical biz sale to Canon
Fujifilm Holdings (TSE:4901), which lost out last week to Canon (NYSE:CAJ) in the race to be picked as preferred bidder for conglomerate Toshiba‘s (TYO:6502) medical device business, questioned Toshiba today on the timing of the deal for Toshiba Medical Systems. In a letter to embattled Toshiba, Fujifilm cited media reports saying profits from the sale would contribute to Toshiba’s finances […]
Canon wins exclusive negotiating rights for Toshiba Medical
Canon (NYSE:CAJ) beat out Fujifilm Holdings (TSE:4901) for the exclusive right to negotiate with Toshiba (TYO:6502) for its medical device business, the embattled Japanese conglomerate said today. “Toshiba has carried out a close evaluation of the overall proposals received from companies that expressed an interest in acquiring [Toshiba Medical Systems Corp.], including their appraisal of TMSC’s value and the feasibility […]