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Panasonic Forms Healthcare Company

4/03/2012 11:18:08 AM Eastern
Secaucus, N.J. - Panasonic Corporation of North America today announced the consolidation of the Panasonic healthcare group and the Sanyo biomedical solutions division into a separate company, Panasonic Healthcare Company of North America. 

Based here, the company will also have operations in Wood Dale, Ill., and Houston, and it will be led by president Yoshi Yuasa.

Yuasa was serving concurrently as Panasonic's corporate planning and strategic initiatives department senior VP, head of the Panasonic healthcare group and corporate planning VP for Panasonic Canada. 

Panasonic said the new company "is committed to providing innovative technological solutions for healthcare and life sciences needs." Focused business efforts will include the Panasonic digital hearing instruments and CardioHealth Station businesses of the former Panasonic healthcare group, as well as pharmacy automation technology and biomedical and other life science support products of Sanyo biomedical solutions division.

The company said the new unit will support Panasonic Corporation's goal to be the No. 1 green innovation company in the electronics industry by 2018 by emphasizing energy savings and improved efficiency of healthcare operations through the use of Panasonic life science and healthcare-related products. 

"We have formed Panasonic Healthcare Company of North America with the aim of anticipating society's changing demands in the healthcare market," said Joe Taylor, chairman/CEO, Panasonic Corporation of North America. "Panasonic will continue to service the needs of life science customers with innovative products and solutions. As a leader in the technology field, Panasonic has much to offer both the medical devices and life sciences research communities, and we believe that we can make a significant contribution in helping to meet their evolving needs." 
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