M&A deal in Malaysia Part 3_2021

2021/04/08
Articles

The Malaysian M&A deal introduced here is Sojitz's acquisition of shares in a Malaysian primary care provider, which was announced on March 1, 2021.

Sojitz is one of Japan's leading general trading companies listed on the First Section of the Tokyo Stock Exchange, with approximately 400 consolidated companies in Japan and overseas, and sales of approximately 1.15 trillion yen for the fiscal year ending December 31, 2020. In Malaysia, Sojitz Malaysia Sdn Bhd, a subsidiary of Sojitz Asia Sdn Bhd (established under the current law in 1980), Sojitz Retail Management Sdn Bhd, which operates a Japanese restaurant business and other businesses, and Sojitz Malaysia Sdn Bhd, which is engaged in a wide range of diverse businesses including electronics, chemicals, and retail business development with its investees and partners.

Qualitas Medical Limited ("Qualitas") operates 300 clinics, dental clinics, diagnostic imaging centers and other facilities in three countries: Malaysia, Singapore, and Australia. The group has 1,700 staff members, including 400 doctors, and provides various medical services to a total of 2.8 million outpatients per year, with 4,000 corporate and insurance clients. 

Sojitz aims to create a healthcare platform that generates synergies from both the public and private sectors, while also utilizing Qualitas' network. The future development of Sojitz's healthcare business in Asia and the Pacific will be closely watched.