Sojitz Invests in Healthcare Startup Providing Telehealth Services
- Participating in the Integration of Medicine with ICT & AI via 5G -
May 26, 2020
Sojitz Corporation (“Sojitz”) has invested by way of third-party allocation of shares in a startup, Tetsuyu Healthcare Holdings Pte. Ltd. (Head Office: Singapore; Co-Founders: Shinsuke Muto*1 and Ng Li Lian*2; “THH”), which has developed a remote healthcare system utilizing ICT and AI capabilities.
The system was developed by integrating home healthcare management in Japan with advanced ICT and AI image processing technology, and is already being offered in Singapore. It enables doctors, nurses, caregivers, and patients to connect with one another via video conferencing, allowing clinical monitoring and consultations to be carried out remotely. The system also stores the patient’s daily health information and medical records in the cloud, and utilizes AI technology to assess skin conditions and create treatment plans. This benefits patients who have conditions such as diabetic ulcers and pressure injuries, and is currently being piloted with the University of Tokyo and other medical facilities, with the goal of early introduction to the Japanese market.
[Telehealth service utilizing ICT and AI technologies]
Sojitz aims to promote the introduction of this telehealth system not only in Japan, but also in China and Southeast Asia by utilizing its global network. Furthermore, as part of its long-term growth strategy, Sojitz seeks to move into the primary care*3 industry and create new combined medical care and ICT/AI business opportunities that leverage 5G through the new telehealth platform it has acquired from this investment.
Moving forward, society will continue to face challenges posed by escalating medical costs due to aging societies and changes in disease patterns, as well a lack of healthcare professionals and hospital beds. Sojitz will continue to contribute to the development of healthcare to solve these issues by working with startup companies who offer promising technologies and services in order to create and grow new global businesses, so that people around the world can lead healthy, happy, and fulfilling lives.
*1: Dr. Shinsuke Muto is a graduate of the Faculty of Medicine at the University of Tokyo. After graduating, he worked in the cardiovascular medicine departments of the University of Tokyo Hospital and the Mitsui Memorial Hospital. In 2010, he founded You Home Clinic, which offers home healthcare. Dr. Muto is a cardiovascular specialist, has passed the US Medical Licensing Examination, is a qualified CPA (US), and holds a PhD in Medicine, an Executive MBA from INSEAD, and a Master of Public Health (MPH). He is the president of Tetsuyu Institute Medical Corporation, a clinical professor in the Faculty of Medicine at Tokyo Medical and Dental University, and a board member of the Health and Global Policy Institute.
*2: Ms. Ng Li Lian was a senior banking professional having held strategic, business, and marketing over a span of 17 years. She has bachelor degrees in both Accountancy and Law and holds an Executive MBA from INSEAD.
*3: Primary care: A local healthcare service in which a family physician or other clinician provides comprehensive and continuous medical services for a patient’s medical issues or disease—encompassing prevention, treatment, and rehabilitation—making it easy for patients to access medical care.
Company Overview – Tetsuyu Healthcare Holdings Pte. Ltd.
|Located||60 Paya Lebar Road #05-44 Paya Lebar Square, Singapore 409051|
|Co-Founders||Ng Li Lian, Dr. Shinsuke Muto (Chairperson and Director of Tetsuyu-Kai Medical Corporation)|
|Main Business||System development for the healthcare sector|