Toshiba Medical Systems wins 5-year $828m DoD radiology contract

Toshiba Medical Systems said last Friday it won a 5-year $827.6 million fixed-price, indefinite delivery and quantity contract with the US Department of Defense.

The contract will position Toshiba Medical to provide radiology systems, accessories and training to the DoD, including the Air Force, Navy, Army, Marine Corps and federal civilian agency.

Toshiba Medical won out over 27 different applicants for the contracts according to a DoD release.

Last December, Toshiba Medical launched the MR Theater, an immersive virtual experience designed for patients underoging magnetic resonance exams.

The company said its MR Theater is designed to give patients a visual focal point to distract them from the exam and encourage them to relax and stay still, which results in more efficient, high-quality imaging.

Last June, anti-trust regulators in Japan approved the $6.5 billion acquisition of Toshiba’s medical device business to Canon (NYSE:CAJ), but warned about the deal’s questionable structure.

Toshiba managed to book the sale before the deal actually closed by setting up a holding company with just $300 in assets to skirt Japanese anti-trust regulations. Japan’s Fair Trade Commission said the method may be in violation of antitrust laws, but declined to issue a fine and approved the deal anyway.

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