Canon Acquiring Toshiba’s Medical Unit for $6B

Canon has agreed to pay roughly $6 billion to acquire Toshiba’s medical systems unit.

In December 2015, Toshiba announced plans to sell the unit — in part to improve the company’s financial strength — following the resignation of its CEO over accounting irregularities.

The unit’s portfolio includes diagnostic X-ray systems, magnetic resonance imaging systems, diagnostic ultrasound and diagnostic nuclear medicine systems. The transaction needs sign off from regulatory bodies. — Jonathon Shacat