MEDIROM Rehab Solutions Inc. Acquires Rehabilitation Centers from Y’s, Inc.
Rhea-AI Summary
MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) has announced its expansion into the rehabilitation industry through its newly established subsidiary, MEDIROM Rehab Solutions Inc. This subsidiary has acquired all ten cerebral infarction rehabilitation centers previously owned and operated by Y's, Inc. in Tokyo and other major Japanese cities.
Cerebral infarction rehabilitation is a comprehensive program designed to help stroke survivors, typically including physical therapy, occupational therapy, speech therapy, cognitive therapy, and emotional support. CEO Kouji Eguchi expressed enthusiasm about the expansion, highlighting the potential synergies between MEDIROM's existing wellness clinic operations, health-tech capabilities, and the newly acquired rehabilitation services.
Positive
- Expansion into the rehabilitation industry, diversifying MEDIROM's healthcare portfolio
- Acquisition of 10 established cerebral infarction rehabilitation centers in major Japanese cities
- Potential synergies between existing wellness clinic operations and new rehabilitation services
- Leveraging of MEDIROM's health-tech capabilities in the rehabilitation sector
Negative
- None.
News Market Reaction – MRM
On the day this news was published, MRM gained 0.38%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TOKYO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) (“Medirom” or the “Company”) is pleased to announce that it is capitalizing on its extensive experience operating wellness clinics and healthcare technology to expand into the rehabilitation industry. In doing so, MEDIROM established a wholly-owned subsidiary, MEDIROM Rehab Solutions Inc., which acquired all of the rehabilitation centers of Y’s, Inc. Prior to the acquisition by MEDIROM Rehab Solutions Inc., Y’s, Inc. owned and operated ten cerebral infarction rehabilitation centers in Tokyo and other major cities across Japan.
Cerebral infarction rehabilitation is a comprehensive program designed to help individuals who have experienced various types of strokes. Such strokes occur when a blood vessel supplying the brain becomes blocked, leading to tissue damage and potential long-term consequences. Typical components of cerebral infarction rehabilitation include: physical therapy, occupational therapy, speech therapy, cognitive therapy, and emotional support.
“We are delighted to announce the expansion into rehabilitation services under Rehab Solutions and the acquisition of Y’s, Inc. We see significant synergies and will leverage our extensive wellness clinic operational experience as well as our health-tech capabilities,” said Kouji Eguchi, CEO, Medirom.
ABOUT MEDIROM Rehab Solutions Inc.
CEO: Yasuhiro Ito
Location: 16F, Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo
Date of establishment: June 10, 2024
Business description: Operation of “Cerebral Infarction Rehabilitation Center,” an uninsured service, and contracted rehabilitation services
Public Relations: Aiko Ido
TEL: 03-5542-0785
Email: info@medirom-rehab-solutions.co.jp
ABOUT MEDIROM Healthcare Technologies Inc.
MEDIROM Healthcare Technologies Inc., together with its subsidiaries, provides holistic health services in Japan. It operates in three segments: Relaxation Salon, Digital Preventative Healthcare, and Luxury Beauty. MEDIROM Healthcare Technologies Inc. was incorporated in 2000 and is headquartered in Tokyo, Japan.
NASDAQ Symbol: MRM
Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo, Japan
https://medirom.co.jp/en
Contact: ir@medirom.co.jp
FAQ
What acquisition did MEDIROM Healthcare Technologies Inc. (MRM) announce on October 7, 2024?
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