J-Star makes second healthcare acquisition
Japanese private equity firm J-Star has made another investment in Japan’s growing healthcare sector, taking a majority stake in HCM, KK, a domestic provider of in-home care services, via a management buyout. Financial details were not disclosed, but a source familiar with the deal confirmed to AVCJ that the investment price was around $30 million.
The acquisition was facilitated by financing from Aozora bank. HCM has said that its new shareholder structure will enhance its senior citizen-related services. J-Star will send two members to the board...
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