Wednesday, December 9, 2015
Panasonic Healthcare Holdings (PHCHD), based in Tokyo, has inked an agreement to acquire Bayer Diabetes Care (BDC) for $1.2 billion to create a global diabetes care solutions business. BDC is a provider of blood glucose monitoring systems to people with diabetes and healthcare professionals around the world. It was formed as a business unit within Bayer and is present in more than 125 countries. It generated sales of $1 billion in 2014.