Canon Medical Systems Corporation agreed to acquire Minaris Medical Co., Ltd. and Minaris Medical America, Inc. from Resonac Corp. for approximately ¥29 billion on March 31, 2023. For the year ended December, 2022, Minaris Medical reported revenues of ¥12.7 billion, net assets of ¥4.5 billion, total assets of ¥11.8 billion, EBIT of ¥1.4 billion, and net income of ¥1 billion. BofA acted as exclusive financial advisor to Resonac in the transaction.

Canon Medical Systems Corporation completed the acquisition of Minaris Medical Co., Ltd. and Minaris Medical America, Inc. from Resonac Corp. on July 3, 2023.