KKR-owned Panasonic Healthcare agrees $1.1b Bayer bolt-on
Panasonic Healthcare, the Japanese medical equipment manufacturer in which KKR acquired a majority stake last year, has agreed to buy Bayer’s diabetes care business for EUR1.02 billion ($1.15 billion).
Panasonic Healthcare is already a leading manufacturer of blood glucose monitoring meters and sensors for diabetics. These products account for roughly half of the company's EBITDA. The bolt-on of Bayer...
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