Panasonic mulls over sale of healthcare business
March 18 , 2013
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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