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Hitachi Aloka Medical, Ltd. Announces U.S. Ultrasound Division Organization



6/22/2011 8:27:15 AM

WALLINGFORD, Conn.--(BUSINESS WIRE)--Hitachi Aloka Medical, Ltd, the global dedicated ultrasound business created by Hitachi Medical Corporation’s recent acquisition of Aloka Co., Ltd., today announced the details of its United States operations.

With its international headquarters in Tokyo, Japan, Hitachi Aloka Medical, Ltd. encompasses the ultrasound division of both Hitachi Medical Corporation and Aloka Co., Ltd. The new company will centralize its U.S. business operations in Wallingford, CT, at the site of Aloka Co., Ltd.’s former U.S. headquarters.

Hitachi Aloka Medical America will have responsibility for all sales, service, marketing and clinical application support of Aloka America ultrasound equipment and Hitachi ultrasound systems of Twinsburg, OH-based Hitachi Medical Systems America. The company will integrate and continue to support both Hitachi and Aloka ultrasound products.

The company further announces the appointment of David R. Famiglietti to General Manager of Hitachi Aloka Medical America. Famiglietti has more than 35 years of experience in the medical device/healthcare industry, most recently serving as COO of Aloka America. Famiglietti will lead the company’s business operations in the United States and Canada.

“We are excited to be part of the Hitachi family,” said Famiglietti, commenting on the acquisition. “Combining the experience, knowledge and talents of our two companies, along with Hitachi’s resources as a larger corporation, will allow us to expand our reach and to accelerate the development of new ultrasound technologies, systems and applications for healthcare practitioners.”

Don Broomfield, CEO and President of Hitachi Medical Systems America, Inc, which is a wholly owned subsidiary of Hitachi Medical Corporation, stated “Aloka has an exceptional history as an innovator in ultrasound and is renowned for high quality ultrasound systems and support. Combining the Aloka product line with the complementary Hitachi product line will allow Hitachi Aloka Medical, Ltd. to broaden their participation and penetration of this large and diverse market in an integrated fashion.” Hitachi Medical Systems America, which sells a full line of MR and CT products in the U.S., will continue to provide service support to Hitachi Aloka Medical, Ltd. in order to leverage the strengths of both organizations in the market.

“The collective expertise of the two companies promises to bolster Hitachi Aloka Medical Ltd.’s position in the global ultrasound market,” said Famiglietti. “We aim to increase our presence in the radiology, surgery, cardiology, women’s health, OB/GYN, radiation oncology and urology ultrasound markets in the U.S., as well as to enter new markets by developing and delivering beneficial breakthrough technologies that improve healthcare, reduce costs and increase efficiencies.”

The acquisition, which took place after more than 5 years of technical cooperation between Aloka and the diagnostic ultrasound equipment business of Hitachi Medical Corporation, strengthens Hitachi’s portfolio of high quality ultrasound systems and transducers and positions Hitachi as the third largest ultrasound company worldwide.

About Hitachi Aloka Medical, Ltd.

A subsidiary of Hitachi Medical Corporation

Hitachi Aloka Medical, Ltd. is committed to delivering advanced diagnostic ultrasound systems to meet the needs of physicians and patients. The company was formed when Aloka Co., Ltd. became a 100% subsidiary of Hitachi Medical Corporation on March 3, 2011 and changed its name to Hitachi Aloka Medical, Ltd. on April 1, 2011. Aloka commercialized medical ultrasound equipment for the first time in the world in 1960 and as Hitachi Aloka Medical, Ltd. continues to promote the ultrasound business under its highly valued Aloka brand. With its U.S. headquarters in Wallingford, CT, Hitachi Aloka Medical America employs local sales, service and clinical applications professionals across the nation. www.hitachi-aloka.com

About Hitachi Medical Corporation

Hitachi Medical Corporation, headquartered in Tokyo, Japan, is an integrated medical systems manufacturer involved in every aspect of the medical equipment and medical information systems business from R&D, manufacturing, sales and services.

Having the leverage of the cutting-edge technological expertise of the Hitachi Group, Hitachi Medical provides diagnostic imaging systems, including magnetic resonance imaging (MRI) systems with “Patient Friendly” concept, diagnostic ultrasound systems, X-ray computerized tomography (CT) systems and X-ray systems, and also conducts the medical solution business, which medical information systems and services.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Hitachi’s dedication to technological innovation is demonstrated by its investment in research and development at its 33 international research facilities, employing over 16,000 engineering specialists. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). www.hitachi.com.

Contacts

Hitachi Aloka Medical America

Tom Oko, 800-872-5652 Ext. 202

Marketing Manager


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