Panasonic's Healthcare Division Sells for $1.67B to KKR

New York City-based private equity firm KKR has announced plans to purchase the healthcare division of Panasonic in a deal valued at about $1.67 billion, according to a Reuters report.

The acquisition could be the largest buyout in Asia this year, according to the report.

Panasonic Healthcare makes electronic medical record systems and blood sugar monitoring equipment, according to the report.

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