Reuters: Technology News: Panasonic plans to sell health care business: media

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Panasonic plans to sell health care business: media Mar 17th 2013, 03:05 Tweet Share this Email Print Related News Samsung gets a foot in at key Apple supplier Sharp with $110 million investment Wed, Mar 6 2013 Sony sells Tokyo building for $1.2 billion, year's second office sale Thu, Feb 28 2013 Analysis & Opinion Sequester is skewed against the poorest citizens Coming up with â€Å"A Bitter Pill” A man looks at Panasonic TV sets at an electronic shop in Tokyo November 22, 2012. Credit: Reuters/Kim Kyung-Hoon TOKYO | Sat Mar 16, 2013 11:05pm EDT TOKYO (Reuters) - Japan's Panasonic Corp is planning to sell its healthcare business for about 100 billion yen ($1.05 billion) to raise cash as the consumer electronics maker fights to end losses with flat-panel televisions, Kyodo news agency reported on Sunday. Panasonic is considering selling the profitable healthcare business to Japanese and foreign manufacturers as well as investment fund firms, Kyodo reported quoting industry sources. The electronics company wants to sell the entire business to one buyer, although it will also consider selling it off in parts, Kyodo said. Panasonic's healthcare business involves electronic medical chart systems and blood-sugar monitoring devices. The consumer electronics maker this month sold a central Tokyo building for around 50 billion yen to two Japanese investors. The sale of the building - the third office in the capital it has offloaded in recent months - is another step by Panasonic towards raising 130 billion yen from asset sales to strengthen its finances. ($1 = 95 yen) (Reporting by Chikafumi Hodo; Editing by Nick Macfie) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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