Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has decided to invest in Shenzhen Yaeher Health Management Co., Ltd. ("Yaeher", Head office: Shenzhen, China), which provides primarycare services in China through online and face-to-face consultations. Mitsui and Yaeher have signed relevant investment agreements, and the investment will be completed after obtaining necessary approvals by the end of the fiscal year ending March 2023.

In China, patient waiting time is a social issue caused by the patient concentration of public hospitals. The importance of primarycare is increasing as it offers early screening and diagnostic so that patiens can access appropriate treatments based on their medical needs. Online medical consultation services have rapidly expanded in reacent years, and its market size is expected to reach ¥222 billion by 2026 in China.

Yaeher is a primarycare provider with both an online consultation platform and conventional offline clinics. Under its integrated system, the compay provides online services and based on their medical needs, it refers the patients to its offline clinic network for phythical cares, includings testing, diagnosis, treatment, and medication. It owns and operates online consultation platform with about 5.3 million users, and three offline clinics in China. This online-to-offline (O2O) model is expected to contribute to the healthcare access for patients in China.

Mitsui believes it is important to transform healthcare system into more patient centric one, and promote the prevention of illness and create the environments in which people can enjoy both physical and mental well-being. To establish "wellness" fulfilled with thiree key elements - healthcare, prevention, and well-being - Mitsui is pursuing to create various businesses through integrating our tangible assets and digital solutions. The investment in Yaeher is one of our strategic initiatives for the wellness creation, in primary care sector which plays a gatekeeper role in healthcare. Mitsui will try to enhance the value and function of medial consultations through the online-to-offline (O2O) model. With Yaeher, Mitsui aims to build a substantial business cluster to capture the growth of primary care market in China.

Wellness, the new wealth-We will create a brighter future in which the wellness we offer provides new wealth to people around the world.

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Mitsui & Co. Ltd. published this content on 10 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2023 00:46:12 UTC.