NewsFebruary 27, 2023
PHC Holdings Announces Integration of LSI Medience Health Checkup Support Business with New Company WEMEX — Internal PHC Group Synergy to Expand Preventive Healthcare Solutions in Japan —
PHC Holdings Corporation (headquarters: Minato-ku, Tokyo, Japan, President, Representative Director and CEO: Shoji Miyazaki, hereafter PHCHD) announces that it will carve out the Health Checkup Support Business from its operating company LSI Medience Corporation (hereafter LSI Medience) and integrate it with another newly created PHCHD operating company, WEMEX Corporation (hereafter WEMEX)*1. This reorganization within PHC Group is designed to better align company resources related to advancing preventive healthcare solutions, and has been decided by PHCHD as well as approved at the two operating companies, The effective date of this change is scheduled for April 1, 2023, the same day that WEMEX will begin operations.
LSI Medience provides healthcare solutions in Japan mainly in the areas of clinical testing, diagnostic reagents & instruments, and drug development services. Its health checkup support business, which will be carved out and integrated with WEMEX, currently partners with over 2,800 medical examination centers and medical institutions nationwide, providing outsourced clerical services for health checkups in companies and health insurance societies. PHCHD in January announced the creation of WEMEX, a new company formed by the integration of the Medicom Business Unit of PHC Corporation with PHC Medicom Corporation, which provides medical-receipt computers, electronic medical record systems, and support tools for pharmacy management. WEMEX’s WellsPort Series products provide solutions for health enhancement activities by connecting medical examination centers and medical institutions with patients and employees of companies that have outsourced the service. This supports the operations of individual organizations and the health management of people in health insurance associations, especially for those that require specified health guidance.
Integrating this health checkup support business with WEMEX will enable PHC Group*2 to focus its related customer bases and IT technologies under one company, which will help PHC Group expand its offerings in preventive healthcare. It will also advance the initiatives in becoming a solution provider through combination of health management platforms, specified health guidance services for lifestyle diseases, and medication examination administration services. WEMEX will seek for the well-being (physical and mental health) of health insurance members and their families. This will be achieved by providing services that help visualize health conditions and value-added solutions for preventive healthcare to companies, health insurance associations and health examination centers.
Shoji Miyazaki, President, Representative Director and CEO of PHCHD, said, “We are excited to reorganize the Health Checkup Support Business Unit to leverage natural synergies within PHC Group companies. This will allow us to develop and promote Digital Health Solutions*3, which is an important growth area outlined in our Mid-Term Management Plan, the Value Creation Plan. Expanding PHC Group’s digital health platform in this way will help us contribute to improving efficiency in healthcare as well as the cost-effectiveness of healthcare expenditures.”
[Outline of the Companies]
|LSI Medience Corporation
|Clinical testing, diagnostic reagents & instruments, drug development service, health checkup support, food safety support, and doping testing, etc.
|Medical-receipt computers, electronic medical record systems, support tools for pharmacy management and specified health guidance, telemedicine systems, etc.
|Date of establishment
|April 15, 1975
|December 12, 2022
|Start of Business
|April 1, 2023
|8F Seavans S Bldg., 1-2-3 Shibaura, Minato-ku, Tokyo
|14F NBF Shibuya Garden Front, 3-25-18 Shibuya, Shibuya-ku, Tokyo
|President and CEO, Haruo Watanabe
|President, Representative Director,
|Major Shareholders and the ratio
*2 Generic name for PHCHD and its operating subsidiaries
About PHC Holdings Corporation (PHC Group)
PHC Holdings Corporation (TSE 6523), or PHC Group, is a global healthcare company with a mission of contributing to the health of society through healthcare solutions that have a positive impact and improve the lives of people. Its subsidiaries include PHC Corporation, Ascensia Diabetes Care Holdings AG, Epredia Holdings Ltd., and LSI Medience Corporation. Together, these companies develop, manufacture, sell and service solutions across diabetes management, healthcare solutions, diagnostics and life sciences. PHC Group’s consolidated net sales in FY2021 were JPY 340 billion with global distribution of products and services in more than 125 countries.
About LSI Medience Corporation
LSI Medience, a subsidiary of PHC Holdings Corporation (TSE 6523), is committed to the prevention, early detection, and effective treatment of diseases through clinical testing services such as cancer diagnosis and genetic testing based on laboratory analysis technology, provision of diagnostic reagents and equipment, and drug development services. We contribute to creating a healthy and secure society through the power of medical science.
About Wemex Corporation
Wemex Corporation is dedicated to providing healthcare IT products and services that promote the digital transformation of healthcare. IT is a Japanese subsidiary of PHC Holdings Corporation (TSE 6523), a healthcare company that delivers solutions across the world. Along with Medicom brand medical-receipt computers and electronic medical record systems in Japan, WEMEX offers solutions including pharmacy management, support for specified health guidance, and telemedicine systems. Starting in April 2023, WEMEX will provide one-stop service from planning and development to sales, with the goal of improving healthcare services for patients and efficiency for healthcare professionals.