Panasonic Healthcare closes buy of Bayer AG’s Diabetes Care unit
Panasonic Healthcare Holdings Co. Ltd. said Tuesday it closed its buy of Bayer AG’s Diabetes Care business. The deal is valued at 1 billion Euros (US$1.07 billion). The acquired Diabetes Care business will operate as a stand-alone company named Ascensia Diabetes Care, which will develop, make, market and sell blood glucose monitoring meters and strips for people with diabetes in more than 125 countries. Panasonic Healthcare is backed by KKR and Panasonic Corp.
5 January 2016•4 mins read
