Bloomberg News

Sony Buys Micronics to Speed Up Medical Device Development

September 28, 2011

(Adds background on Micronics in fourth paragraph.)

Sept. 28 (Bloomberg) -- Sony Corp. acquired Micronics Inc. to accelerate research on healthcare products, in the Japanese company’s first buyout of a medical equipment developer.

Redmond, Washington-based Micronics develops devices used for disease diagnosis, treatment monitoring and blood testing, Tokyo-based Sony said in a statement today, without disclosing financial terms.

The acquisition is Sony’s first in the medical equipment industry, said Chisato Kitsukawa, a Sony spokesman. The Japanese company, which offers displays, cameras and printers for medical institutions, is considering ways to expand in the healthcare field where the company’s electronics technologies, such as optical discs, can be applied, he said.

Founded in 1996, closely held Micronics has received financial backing from individuals and investment firms such as River Cities Capital Funds, according to the company’s website. The company employs about 30 people, Kitsukawa said.

--Editors: Terje Langeland, Young-Sam Cho

To contact the reporter on this story: Mariko Yasu in Tokyo at myasu@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net


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