Panasonic Healthcare Company of North America launches

SECAUCUS, N.J. – Panasonic has announced the formation of Panasonic Healthcare Company of North America, consolidating the business operations of the former Panasonic Healthcare Group and the former Sanyo Biomedical Solutions Division.

Panasonic officials said the newly-formed company will be based in Secaucus, N.J., and will also have operations in Houston and Wood Dale, Ill.

Yoshi Yuasa, who was formerly (and concurrently) senior vice president of Panasonic Corporation of North America's Corporate Planning and Strategic Initiatives Department, head of Panasonic Healthcare Group and vice president of corporate planning at Panasonic Canada, will lead Panasonic Healthcare Company of North America as president.

The company's health IT and life science tools will include the Panasonic digital hearing instruments and CardioHealth Station of the former Panasonic Healthcare Group, pharmacy automation technology and biomedical and other life science support products of Sanyo Biomedical Solutions Division.

Officials noted that the new firm will support Panasonic's goals for green innovation by emphasizing energy savings and improved efficiency of healthcare operations through the use of Panasonic life science and healthcare products.

"We have formed Panasonic Healthcare Company of North America with the aim of anticipating society's changing demands in the healthcare market," said Joe Taylor, chairman and CEO, Panasonic Corporation of North America. "Panasonic will continue to service the needs of life science customers with innovative products and solutions. As a leader in the technology field, Panasonic has much to offer both the medical devices and life sciences research communities and we believe that we can make a significant contribution in helping to meet their evolving needs."