Panasonic mulls over sale of healthcare business

  • Japan's Panasonic Corp may sell its healthcare business in order to raise cash as it battles to make profit with its flat-panel televisions, according to two sources familiar with the matter.

    The ailing consumer electronics firm has been selling assets, including real estate, to strengthen its finances.

    "As a part of our growth strategy, we are considering a number of options," a Panasonic spokeswomen said on Sunday.

    According to media reports, Panasonic is planning to sell the profitable healthcare business for $1.05 billion, citing industry sources.

    Panasonic's healthcare business involves electronic medical chart equipment and blood-sugar monitoring devices.

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