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Fujifilm consolidates medical businesses under one name in wake of Hitachi buy

por John R. Fischer, Senior Reporter | October 04, 2021
Business Affairs

Around the time of the acquisition, Fujifilm also announced a greater commitment to invest more heavily in healthcare through 2023. It introduced a midterm managerial plan called Vision 2023 that included $11 billion in new spending planned through 2023, with major investments in Medical Systems, Bio CDMO and Life Systems. Fujifilm aims to generate during this time nearly $8 billion in revenue from its healthcare business, with $947 million in operating income and a 12% operating margin. “The healthcare business is to be expanded to the largest segment in terms of both revenue and operating income to build a robust business foundation that enables sustainable growth,” said the company.

Along with focusing on its medical imaging equipment, Fujifilm Healthcare Americas Corporation will continue to develop AI solutions as part of REiLI. Unveiled in 2018 at HIMSS in Las Vegas, REiLI is a research initiative for integrating AI applications into Fujifilm’s imaging and informatics solutions. It offers algorithms that can enhance image recognition, computer aided detection and diagnostic imaging workflow, with more to be introduced at this year’s RSNA in Chicago.

The new company also comes with a new executive management team of leaders from both businesses to help facilitate a smooth transition. They include Jun Higuchi as chairman; John Hahn as senior vice president of modality solutions; Bill Lacy as senior vice president of medical informatics; Jason Heim as senior vice president of sales; Randy Vader as senior vice president of regulatory and quality affairs; Taisuke Fujita as vice president of endoscopy; and Takehiro Fujimoto as vice president of the office of the president and CEO.

Most recently, Fujifilm Medical Systems agreed to take its digital radiography equipment to sea by signing a 10-year agreement with the U.S. Navy and Defense Logistics Agency to install such systems on U.S. naval ships. This includes next-generation detector technology and a high quality compact floor mounted room, along with advanced features. The first of these systems will be installed on one of the vessels later this year.

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