Panasonic To Buy Bayer Diabetic Care Unit For $1.13 Billion

Posted: Jun 10 2015, 4:16am CDT | by , Updated: Jun 10 2015, 4:24am CDT, in News | Latest Business News

 

This story may contain affiliate links.

Panasonic to Bayer’s Diabetic Care Unit for for $1.13 Billion
Getty Images
  • Panasonic to Purchase Bayer’s Diabetic Care Unit for More Than €1 Billion

Don't Miss: This How to find Fingerlings in Stock

Panasonic Healthcare is to purchase Bayer’s Diabetic Care Unit for $1.13 billion.

Bayer is ready to sell off its Diabetes Care Unit to Panasonic for more than a billion dollars. This was supported by KKR & Company. The unit creates diabetes monitoring equipment.

The Bayer CEO Marijn Dekkers said that he is allowing his company to let go of such units as he wants the emphasis to be on life science projects instead. Bayer also wants to list its plastics unit on the market economic index in the times which lie ahead.

Meanwhile, KKR owns a large percentage of Panasonic Healthcare. Bayer managed sales of hundreds of euros last year. Now it has plans for the future.

Basically, its diabetic unit faced competition from other reading devices made by other pharmaceutical firms. But now that it is about to get rid of its unit by selling it off to Panasonic Healthcare, things are going to be alright.

Within the time span of the 2016, Bayer expects to sell off its diabetes unit, according to WSJ. This will be like a huge burden off its back. And then finally it can concentrate on other things which matter more to Bayer than the diabetes unit.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Advertisement

comments powered by Disqus