Panasonic plans to sell health care business: media

A man looks at Panasonic TV sets at an electronic shop in TokyoTOKYO (Reuters) – Japan's Panasonic Corp is planning to sell its healthcare business for about 100 billion yen ($1.05 billion) to raise cash as the consumer electronics maker fights to end losses with flat-panel televisions, Kyodo news agency reported on Sunday. Panasonic is considering selling the profitable healthcare business to Japanese and foreign manufacturers as well as investment fund firms, Kyodo reported quoting industry sources. The electronics company wants to sell the entire business to one buyer, although it will also consider selling it off in parts, Kyodo said. …

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Panasonic plans to sell health care business: media

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