Sojitz Forms Capital and Business Tie-up with Capital Medica
-Medical Service Business in Asia to be Jointly Developed-
Mar. 24, 2014
Capital Medica Co., Ltd.
Sojitz Corporation and Capital Medica Co., Ltd. entered into an agreement on a capital and business tie-up. Sojitz will acquire 7% of Capital Medica’s issued stock, and the two companies will collaborate on the export of Japanese style medical services and hospital management systems.
Capital Medica offers a variety of services essential for the operation of medical institutions including medical support, accounting, procurement of medical materials and equipment, diagnostic imaging and remote image interpretation, and consulting services related to hospital business management and operation. Currently, the company offers operational support and contracted operation services for seventeen hospitals, seven clinics and five elderly-care facilities acquiring advanced management and operational know-how for medical institutions.
With the capital and business tie-up, Sojitz and Capital Medica expect to establish a new overseas business development office in Capital Medica to exchange management resources and business know-how. Several employees from each company will work together to develop and promote the medical service business in foreign countries by utilizing Capital Medica’s proficiency in hospital management and Sojitz’s international network.
In many Asian countries, the demand for medical services, especially for improved quality services, is growing as a result of increase in middle income group, , economic growth, appearance of new illnesses due to changing lifestyles, and aging populations. Sojitz and Capital Medica aim to export and duplicate medical infrastructure and management systems, which apply Japan’s trusted, safe and efficient medical services. Currently, the companies are undertaking multiple projects in Vietnam, Indonesia and Mongolia as a footstep to expanding their medical service operations in Asia.