Value: $995 million
Scoop: Fujifilm was busy in 2011: It entered an agreement to form a 50-50 joint venture with biotech Kyowa Hakko Kirin targeting biosimilars and announced that it would team with India's Dr. Reddy's Labs to supply generics in Japan. But its biggest deal came late in 2011 when it signed an agreement to buy Bothell, WA-based SonoSite ($SONO) for $995 million.
SonoSite is a leader in bedside and point-of-care ultrasound and ultra high-frequency microultrasound technology and impedance cardiography equipment, according to the company's website.
"We are delighted to be joining forces with SonoSite," Shigetaka Komori, Fujifilm's president and CEO, said in a statement. "This transaction significantly accelerates Fujifilm's full-scale entry into the fast-growing hand-carried ultrasound equipment market and will position ultrasonography as a strategic pillar for the future growth of our medical systems business."
At a briefing last month, Koichi Tamai, head of Fujifilm's medical system operations, said his company had been eyeing SonoSite for 5 or 6 years, Bloomberg noted. Fujifilm is looking to overtake General Electric as a top supplier of portable ultrasound machines within the next couple of years, he added. SonoSite will help Fujifilm in this effort, as it has a 37% share of the global market now.
SonoSite is seeing at least one change in leadership in early 2012. Marcus Smith, CFO, senior VP and treasurer, left the company Jan. 5. Anil Amlani, the current president and CEO of SonoSite's VisualSonics subsidiary, has been appointed as the new CFO.