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Toshiba Medical Systems Corporation, Kohlberg Kravis Roberts & Co. L.P., Bain to Bid for Panasonic Corporation of North America (PC) Healthcare Unit


8/23/2013 7:42:34 AM

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Toshiba Corp, U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) and a consortium including Bain Capital are expected to participate in the final round of bids next week for Panasonic Corp's healthcare business, a deal that could fetch as much as $1.5 billion, sources with knowledge of the matter said on Friday. Panasonic is looking to raise funds by selling shares in the healthcare unit, whose products include blood sugar monitoring equipment, hearing aids and electronic medical record-keeping systems.

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