According to a Reuters report on the 17th, Japan's Canon and Toshiba announced today that Canon agreed to acquire the entire shares of Toshiba's medical device subsidiary for 665.5 billion yen (about 5.9 billion US dollars). Canon won the exclusive right to negotiate the acquisition of Toshiba's Toshiba medical system last week. Toshiba said that if the transaction can be completed in time, it will be able to generate about 590 billion yen in the current fiscal year. Earlier, it was reported that there were three participating bids, including a combination of Canon, Fujifilm, Konica Minolta and the UK investment fund, and Fujifilm is considered a strong competitor of Canon. Toshiba Medical Systems is principally engaged in the manufacture and sale of medical devices such as magnetic resonance imaging (MRI) and X-ray inspection instruments. Toshiba Medical Systems is a "superior student" in the Toshiba subsidiary. In 2015, when other businesses were losing money, the health care business with Toshiba Medical System as its core is expected to achieve profitability. Therefore, Toshiba believes that it can complete the sale of Toshiba medical system in a short period of time and use it to fill its current financial loopholes.
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