Summary The electronics company has been selling assets, including real estate, to strengthen its finances.
TOKYO (Reuters) - Japan s Panasonic Corp is considering selling its healthcare business to raise cash as the consumer electronics maker fights to end losses with flat-panel televisions, two sources familiar with the matter said on Sunday.
The troubled consumer electronics company has been selling assets, including real estate, to strengthen its finances.
"As a part of our growth strategy, we are considering a number of options," a Panasonic spokeswomen said.
Panasonic was planning to sell the profitable healthcare business for about 100 billion yen ($1.05 billion), Kyodo reported, quoting industry sources.
The electronics company wanted to sell the entire business to one buyer, although it would also consider selling it off in parts, Kyodo said.
Panasonic s healthcare business involves electronic medical chart systems and blood-sugar monitoring devices.
The company this month sold a central Tokyo building for around 50 billion yen to two Japanese investors, the third such sale in recent months.
