Deals
KKR to Buy Panasonic Health Care Business for $1.67 Billion
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KKR & Co. agreed to buy Panasonic Corp.’s health-care unit for about 165 billion yen ($1.67 billion).
A wholly owned subsidiary of the U.S. private-equity firm will purchase all shares and assets of Panasonic Healthcare Co., according to a statement from the companies. KKR then will allocate 20 percent of the shares of the wholly owned unit to Panasonic. The Osaka-based Japanese electronics maker expects the transaction to add 75 billion yen in profit and said it is studying the effects of the sale on its annual forecast.