Panasonic Corp. of North America today announced it’s forming a new company to consolidate the former Panasonic Healthcare Group and the former Sanyo Biomedical Solutions division.

April 4, 2012

1 Min Read
Panasonic Forms North American Healthcare Subsidiary

Called Panasonic Healthcare Co. of North America, the new entity will be based in Secaucus, NJ, with additional operations in Wood Dale, IL, and Houston. Yoshi Yuasa, who previously served as head of Panasonic Healthcare Group, will serve as president, according to a press release.

The company will focus on digital hearing instruments, the CardioHealth Station, pharmacy automation technology, and other biomedical and life science support products. It will also concentrate on energy savings and improving the efficiency of healthcare operations, in line with parent company Panasonic Corp.’s goal of becoming the leader in green innovation in the electronics industry by 2018, according to the release.

“We have formed Panasonic Healthcare Co. of North America with the aim of anticipating society’s changing demands in the healthcare market,” Joe Taylor, chairman and CEO of Panasonic Corp. of North America said in a statement. “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.”

Jamie Hartford is associate editor of MED and MD+DI. Follow her on Twitter at @readMED.

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