Medical treatment

Toyota Tsusho: to establish a medical treatment-related service joint venture – providing safe and reliable Japanese-style services such as laundry services in India –







2022-08-17

Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that it has entered into a joint venture agreement with Tokai Corporation (“Tokai”) to establish a company providing services related to medical treatment, such as linen supply services, hospitals in India.

1. Context and objectives

Since 2014, Toyota Tsusho, together with Secom Medical System Co., Ltd., has been operating Sakra World Hospital in Bengaluru (Bangalore) in southern India. He has faced operational challenges different from those encountered in Japan, making steady improvements as he improves the quality of medical care offered at Sakra World Hospital and contributes to the development of regional medical care.

No local company provides the high-quality Japanese-style linen collection, washing, storage and management services necessary for infection control. For this reason, since the start of hospital operations, Toyota Tsusho has worked with local operators, with the support of Tokai, one of Japan’s leading companies in this field, to meet the challenges presented in areas essential to the infection control, such as linen services, and to improve the quality of these services.

India is experiencing strong economic growth and its middle class is growing. This creates an increased need for high quality medical care and a strong demand for quality improvement not only for linen services but for the entire field of infection control.

We have therefore decided to form a joint venture that will provide the high quality medical services we have honed at Sakra World Hospital, merging Toyota Tsusho’s strengths in field improvements and efficiency improvements. operational with Tokai’s assets in Japanese. style infection control technologies and medical device business know-how.

2. Future prospects

After being established in Bangalore, the new company will start preparing to do business from October 2022. Initially, it will provide efficient and high-quality linen sourcing services encompassing everything from delivery to inventory management, through collection and laundering, in the Bangalore region. , building a new business model of linen supply for the Indian hospital market. It will then expand its operations to other major cities. Eventually, it will aim to provide various services related to medical care, not just linen supply services, to meet the needs of India.

By providing high quality hospital operation services and high quality medical treatment related services in India, Toyota Tsusho will provide safer medical care that provides greater peace of mind, thus contributing to the advancement of healthcare regional doctors.

Presentation of the joint venture

Company Name

VALABHI HOSPITAL SERVICES PRIVATE LIMITED

Location

Bangalore, Karnataka, Republic of India

Establishment

September 2022 (expected)

Investment rate

Toyota Tsusho Corporation: 55%, Tokai Corporation: 45%

activity Descrition

Rental of linen and medical equipment

Introducing Tokai

Company Name

Tokai Company

Location

9-16 Wakamiya-cho, Gifu City

Representing

Representative Director Koji Onogi

Establishment

July 1955

Capital

8.108 billion yen

activity Descrition

Supply of hospital linen and contracting of peripheral medical activities
Rental of nursing equipment
Distribution Pharmacy Operation (Tampopo Pharmacy Co., Ltd.)
Rental of Leasekin brand environmental beautification products
Rental of bedding to accommodation establishments, etc.
Catering services for hospitals, etc. (Tokai Foods Co., Ltd.)
Cleaning and management services for buildings such as hospitals (T-assist Co., Ltd. and Bilmen Co., Ltd.)
Aqua Clara branded water delivery
Etc.

The information in this press release is current as of the date of the announcement.
Please note that information may change after the announcement date. Thank you in advance for your understanding.

Disclaimer

Toyota Tsusho Corporation published this content on August 17, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Aug 17, 2022 06:13:04 UTC.

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