NewsMarch 31, 2023
PHC Group Acquires Electronic Medical Record and Medical-Receipt Systems Related Business from FUJIFILM Healthcare Systems — New PHC Group Subsidiary Wemex Corporation Will Take Over the Business Through a Stock Purchase Agreement —
PHC Holdings Corporation (headquarters: Minato-ku, Tokyo, Japan, President, Representative Director and CEO: Shoji Miyazaki, hereafter PHC Group) and its subsidiary Wemex Corporation (headquarters: Shibuya-ku, Tokyo, President, Representative Director: Takayuki Otsuka, hereafter Wemex) announce that they have concluded a stock purchase agreement with FUJIFILM Healthcare Corporation to acquire all shares of the business related to electronic medical record and medical-receipt systems provided by its subsidiary, FUJIFILM Healthcare Systems Corporation (headquarters: Shinagawa-ku, Tokyo, President, Representative Director: Junji Obara, hereafter FUJIFILM Healthcare Systems). Wemex will add this business to its portfolio of healthcare IT solutions in Japan. The acquisition is scheduled to be completed in October 2023, after Wemex acquires all shares of the business.
PHC Group is a global healthcare company providing precision medical products and services in three business domains: Diabetes Management, Healthcare Solutions, and Diagnostics & Life Sciences. Wemex, a new PHC Group subsidiary which will start operations* on April 1, 2023, was formed by the integration of what was previously the Medicom Business Unit of PHC Corporation and PHC Medicom Corporation. That integration is part of PHC Group’s effort to streamline its operations and expand its offerings in Digital Health Solutions, one of three growth areas outlined in its mid-term management plan, “Value Creation Plan (FY22-25).” Wemex will provide Medicom-branded medical information systems, including medical-receipt systems, electronic medical record systems, and medication history systems, as well as solutions that drive digital transformation in healthcare for pharmacy management, healthy lifestyle guidance, and telemedicine systems.
FUJIFILM Healthcare Systems’ electronic medical record and medical-receipt systems related business includes development, sales, and maintenance services of electronic medical record systems, medical-receipt computer, medical-receipt verification software, and electronic medication record systems for clinics in Japan. With this acquisition, Wemex will now expand its product portfolio and leverage the IT expertise in electronic medical record and medical-receipt system related business accumulated by FUJIFILM Healthcare Systems. Wemex will use the acquisition to expand its product line-up and customer base and create connections between medical information management systems to enable one-stop solutions for healthcare providers.
Shoji Miyazaki, President, Representative Director and CEO of PHC Group, said, “We are very pleased to conclude this agreement with FUJIFILM Healthcare Systems to acquire the electronic medical records and medical-receipt systems related business. Since launching Japan’s first medical-receipt system in 1972, we have played a leading role in the medical IT industry. Today we provide solutions that drive the government-led digital transformation of healthcare in Japan, which includes software for online eligibility verification and e-prescriptions. By taking on this business, Wemex will be better positioned to create new healthcare IT solutions that can contribute to improving the efficiency and cost-effectiveness of healthcare in Japan. We look forward to how this acquisition will enhance the Digital Health Solutions platform of PHC Group, and help us achieve the growth goals outlined in our mid-term management plan.”
About PHC Holdings Corporation (PHC Group)
PHC Holdings Corporation (TSE 6523) 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., Wemex Corporation, 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 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 around the world. Along with Medicom brand medical-receipt and electronic medical record systems, Wemex offers solutions including pharmacy management, healthy lifestyle guidance, and telemedicine systems in Japan. Starting operations in April 2023, Wemex will provide one-stop solutions from planning and development to sales, with the goal of improving healthcare services for patients and efficiency for healthcare professionals.