Panasonic Healthcare Holdings completes acquisition of leading Diabetes Care business from Bayer AG
Panasonic Healthcare Holdings, Co., Ltd. ("Panasonic Healthcare") and Bayer Aktiengesellschaft ("Bayer AG") today announced the completion of Panasonic Healthcare’s acquisition of Bayer AG’s Diabetes Care business. Panasonic Healthcare is backed by funds sponsored by leading global investment firm KKR and the Panasonic Corporation. The total consideration for the transaction is around EUR 1 billion (approximately ¥132 billion at the exchange rate of EUR1=¥132).
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