04 March 2013

Toshiba Medical Systems to Establish New Subsidiary in South Korea

Otawara, Japan – 03 March 2013 -Toshiba Medical Systems Corporation will acquire 70% of the stock in the Korean company, TI Medical Systems Co., Ltd. held by INFINITT Healthcare Co., Ltd and establish a wholly owned subsidiary in South Korea. This subsidiary will start its operations in April, 2013

TI Medical Systems Co., Ltd., was jointly established in 2009 by Toshiba Medical Systems Corporation (TMSC) and INFINITT Healthcare Co., Ltd., a leading PACS company in South Korea. Since its establishment, the company has served in excellent sales and service activities as the sole distributor of TMSC. TI Medical Systems handles highly advanced medical imaging equipment and has installed 12 Aquilion ONETM, industry's only Dynamic Volume CT scanner with a 160-mm wide area detector. 

"By establishing this new subsidiary, we will be able to reinforce our brand awareness and business activities in South Korea in order to steadily expand Toshiba's market share by offering high-value-added medical imaging products, advanced applications, and quality services to Korean customers" said Satoshi Tsunakawa, president & CEO of TMSC. It is also expected that collaborations with leading Korean users will be accelerated by taking advantages of geographical proximity between Japan and Korea. 

Toshiba Medical Systems Corporation is a leading worldwide provider of medical diagnostic imaging systems and comprehensive medical solutions, such as CT, X-ray and vascular, ultrasound, nuclear medicine, and MRI systems, as well as information systems for medical institutions. Toshiba Medical Systems Corporation has been providing medical products for over 80 years. Toshiba Medical Systems Corporation is a wholly-owned subsidiary of Toshiba. 

Toshiba was founded in 1875, and today operates a global network of more than 550 consolidated companies, with 202,000 employees worldwide and annual sales surpassing 6.1 trillion yen (US$74 billion). 

Source: Toshiba