Renaissance acquires five MyRika rehabilitation centers from MIRARTH Holdings to expand its footprint in the healthcare sector while managing initial investment costs.
Information on the Target
Renaissance (Ticker: 2378), a company that operates fitness clubs and rehabilitation facilities, has announced the acquisition of five rehabilitation-focused day service centers under the brand 'MyRika.' These centers are currently operated by Leben Community, a subsidiary of the real estate developer MIRARTH Holdings (Ticker: 8897), based in Minato-ku, Tokyo. The five facilities are strategically located in Soka City, Misato City, Saitama City, Yoshikawa City in Saitama Prefecture, and Matsudo City in Chiba Prefecture.
The acquisition will enable Renaissance to expand its footprint in the rehabilitation care sector while maintaining a controlled initial investment. The specifics of the acquisition price have not been disclosed, but the expected date for the transaction to be finalized is April 1, 2026.
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Industry Overview in Japan
Japan's elderly population continues to grow, leading to an increased demand for rehabilitation and long-term care services. The country is experiencing a demographic shift, with a growing number of individuals aged 65
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