Japan's Sumitomo takes stake in U.S. health care company

Trading house invests in diabetes care provider with eye on applying model to Asia

2024 Sumitomo Corp Logo

Sumitomo is entering the U.S. health care market through a partnership with Vast Medical Holdings. (Photo by Yuki Nakao)

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Japan's Sumitomo Corp. has invested in American medical company Vast Medical Holdings, marking its entry into the U.S. market and expanding its global health care footprint.

Sumitomo declined to disclose the amount invested, but said it was a "meaningful" ownership stake in Vast Medical Holdings, the parent company of Quest Health Solutions, a provider of glucose monitors for diabetes patients.

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