Fujifilm Holdings (TSE:4901) and Canon (NYSE:CAJ) are at the head of the crowd looking to pick up Toshiba‘s (TYO:6502) medical device business, according to The Wall Street Journal, at a price possibly reaching $6 billion. The 2nd round of bidding for the division is slated to close Friday, with Toshiba likely selecting a single bidder to enter exclusive […]
Toshiba
Report: Toshiba to sell entire medical equipment biz
Toshiba (TYO:6502) reportedly plans to sell its entire medical equipment unit, Toshiba Medical Systems, rather than just a controlling stake, setting the stage for an aggressive bidding war that could drive the purchase price much higher than the $3.5 billion initial estimate. A bidding war for a majority share in Toshiba Medical business was already heating up earlier this month among a […]
Toshiba bails on non-imaging healthcare biz
Toshiba (TYO:6502) said today that it’s planning to ditch or transfer all of its healthcare business that’s not a part of Toshiba Medical Systems, its imaging division, and forecast higher losses for the rest of the year. A bidding war for Toshiba Medical is heating up among a slew of private equity players and rival corporations, as the Japanese industrial […]
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 […]
Toshiba, amid 7,000 layoffs, looks to sell stake in medical business
Toshiba (TYO:6502), amid a massive restructuring aimed at righting the ship after a $1.3 billion accounting scandal, said it’s looking for outside investors to buy a stake in its healthcare business and is laying off nearly 7,000 workers. The Japanese tech conglomerate said it wants to focus on its core nuclear energy and chip businesses. That means […]
Toshiba agrees to pay $60m fine in accounting scandal
Toshiba (TYO:6502) said yesterday that it agreed to pay a $60 million fine assessed by Japanese regulators after a $1.3 billion accounting scandal broke earlier this year. Ex-CEO Hisao Tanaka and 7 other senior Toshiba executives resigned July 21 after admitting that they cooked the books to show inflated profits. Toshiba later confirmed that it overstated profits going back to […]
Toshiba denies rumored sale of medical business
Toshiba (TYO:6502) today denied reports of a sale of its Toshiba Medical Systems business and other assets to institutional investors, saying it’s made no deals to sell any of the businesses as it seeks to recover from a $1.3 billion accounting scandal. Japan’s Nikkei business daily reported yesterday that the Japanese tech conglomerate is looking to shed between […]
Toshiba and Ziehm to offer C-arms in partnership deal
Toshiba (TYO:6502) said today it will offer mobile C-arms commercially available through a partnership with Ziehm Imaging. Through the newly inked partnership, Toshiba will offer both fixed C-arm systems from its Infinix product line and Ziehm Imaging’s mobile C-arm units, and Ziehm will be able to offer Toshiba’s fixed C-arms and other Toshiba products along with […]
RSNA Roundup: Researchers refine X-ray tech with Kinect gaming sensor
Microsoft’s (NSDQ:MSFT) Kinect, originally developed as a motion sensor for its Xbox gaming systems, is helping researchers refine X-ray imaging through analysis of body part thickness, motion and positioning, researchers said today, and with the use of the best wireless router
Toshiba wraps up medical imaging maker Olea Medical buy
Toshiba (TYO:6502) said today it completed its acquisition of medical imaging application developer Olea Medical following approval from the French Ministry of Economy. Toshiba said it will use the acquisition to grow its MRI business by offering Olea’s software for advanced post-processing and image analysis as well as its relationships and agreements with research institutions and […]
Independent panel to probe ex-Toshiba execs’ liability in $1.3B accounting scandal
Toshiba (TYO:6502) said today that it’s establishing an independent panel to examine whether its former executives and directors, including ex-CEO Hisao Tanaka, should face liability for the $1.3 billion accounting scandal that’s pared some 23% from the Japanese conglomerate’s share price since it broke in July. Tanaka and 7 other senior Toshiba executives resigned July 21 after […]