J-Star, focusing on small-mid cap buyouts in Japan, has acquired a majority stake in HCM, KK., which provides in-home care services in Tokyo, Osaka, Hyogo, Aichi and Tohoku areas and operates a care home near Tokyo. HCM has approx. 1,200 employees (incl. part-time staffs) to serve over 100,000 elderly people in Japan. The financial terms of the deal were not disclosed. The debt was provided by Aozora bank.
HCM is the second of J-Star's investments in the healthcare sector following Apo Plus, a contract marketing service provider, in last September. With another transaction, J Star will be exhausting its investable capital.
J-Star press release: http://www.j-star.co.jp/pdf/11-04-28_HCM.pdf
HCM website; http://www.hc-m.jp/eng/.
April 28, 2011
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