Toshiba to Dump Non-Imaging Healthcare Biz

Toshiba (TYO:6502) said today that it’s planning to ditch or transfer all of its healthcare business that’s not a part of Toshiba Medical Systems, its imaging division, and forecast higher losses for the rest of the year.

A bidding war for Toshiba Medical is heating up among a slew of private equity players and rival corporations, as the Japanese industrial conglomerate seeks outside investors to buy a controlling share in the business. Today Toshiba said it would either shut down or transfer all of its other healthcare businesses by the end of March.

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