Please be advised that Doctors Co., Ltd., (head office: Minato-ku, Tokyo; president and CEO: Takao Yanagawa; hereinafter referred to as “Doctors”), a company that provides one-stop services for development support, distribution and sales of digital healthcare services, and medical-care-collaborated telemedicine support platform, has acquired 100% of the outstanding shares of Farmax Medical Co., Ltd., (head office: Chino City, Nagano; representative: Chiaki Abe, hereinafter referred to as “Farmax”) and has made Farmax a wholly owned subsidiary of Doctors.
– Reason for share acquisition
Doctors comprehensively supports the development of apps and services in the digital healthcare and medical DX fields, as well as the creation of those businesses together with over 600 expert doctors, most of whom are specialists.
Meanwhile, Farmax holds the Class 1 Medical Device Manufacturing and Sales License corresponding to specially controlled medical devices (Classes III and IV) as specified pursuant to the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices and has knowledge of a variety of medical devices, including the field of orthopedics.
By Farmax’s joining the Doctors Group as a wholly owned subsidiary, Doctors will be able to enhance its response and support for software to medical devices that will be required for the development of future digital healthcare services and business expansion.
Through this M&A, Farmax will provide support to Doctors so that it can acquire medical device certification in the Doctors Cloud business developed by Doctors. Farmax will also develop a new business related to the manufacturing and sales of medical devices corresponding to Classes I to IV.
Figure: Doctors Could® business to be strengthened by this M & A
■ About Doctors Cloud®
Doctors Cloud® is a platform to develop and support digital healthcare services, which provides comprehensive support to develop apps and services in the fields of digital healthcare and medical DX, as well as to create businesses with them.
[Overview of Farmax Medical Co., Ltd.]
Company name: Farmax Medical Co., Ltd.
Representative: Chiaki Abe
Head office: 8493-1 Tamagawa, Chino-shi, Nagano 391-0011
Establishment: February 2012
Business description: Designing, planning, and manufacturing of medical devices for orthopedics
Permits and licenses:
Class 1 medical device manufacturing and sales
(General) medical device manufacturing
Medical device repairing business (category 9)
[Overview of Doctors Co., Ltd.]
Company name: Doctors Co., Ltd.
Representative: Takao Yanagawa, President & CEO
Head office: PMO Hamamatsucho II 5F, 2-3-6 Shibakoen, Minato-ku, Tokyo
Establishment: September 2016
Launch of business: October 2019
Business description: By making use of the network of active expert doctors* based on its own guidelines, Doctors Co., Ltd., provides services that include Doctors Cloud® that offers planning and development support for commercialization of digital healthcare services, Doctors Next® that offers comprehensive support services for medical DX and digital healthcare, and Doctors Station® that offers online medical support services in collaboration with medical care.
*Expert doctors: A network of doctors with top-class clinical experience and achievements as medical doctors, as well as a positive attitude toward digital healthcare and medical DX. More than 600 doctors, mostly specialists, participate in the network.