KKR-backed Panasonic Healthcare adds diabetes care unit for €1B
January 06, 2016
Panasonic Healthcare, a KKR portfolio company, has completed its purchase of Bayer AG’s Diabetes Care business for around €1 billion. The acquired unit will operate as a standalone company under the name Ascensia Diabetes Care. Together with Panasonic Healthcare, the company will develop, manufacture, market and sell blood glucose monitoring meters and strips in more than 125 countries. KKR has backed Panasonic Healthcare since 2014.