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Business

Sojitz, Capital Medica pitch support services to hospitals across Asia

TOKYO -- Sojitz, a major Japanese trading house, is entering Asia's hospital management support business.

     The trader has formed a tie-up with Tokyo-based Capital Medica, which provides assistance in running hospitals. Sojitz recently purchased 7% of Capital Medica's outstanding shares for roughly 1 billion yen ($9.67 million).

     The duo will dispatch doctors and financial officers to help Asian hospitals improve efficiency. Sojitz and Capital Medica are already negotiating with medical facilities in Vietnam, Indonesia and Mongolia; the goal is to win orders within the year.

     Capital Medica has contracts for similar services with some 30 clients in Japan. Meanwhile, Sojitz has connections with health care institutions across Asia, since it sells them medical equipment.

     The companies measure their growth target in hospital beds. By sharing know-how, they aim to land contracts equivalent to 2,000 beds in the next five years.

     Other Japanese trading companies have been making forays into the Asian hospital business as well. Mitsui & Co. in 2011 entered into a capital tie-up with IHH Healthcare, a major Malaysian hospital operator.

(Nikkei)

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