Nihon PMI Partners Exits Long Life Holding In Founding-Family Buyout
The fund's first exit is a founding-family buyback rather than a resale, which tells you how the firm is defining success for a care provider it took private: value built on the ground, then handed back to the family that knows the region.
Reporting from 1 source: ASCII.jp.
Nihon PMI Partners said its Regional Healthcare Revitalization Healthcare Fund has transferred all shares of Long Life Holding to a special purpose company set up by the founding family. The fund, formed in 2021, sponsored the August 2023 tender offer that took the Osaka nursing care provider private. The firm calls this the fund's first exit and describes the transaction as an MBO-type business succession.
The transfer ends a holding period in which Nihon PMI Partners seconded staff to work alongside Long Life Holding's management and employees on site, a model the firm calls accompaniment-style PMI. Support during that period covered concentrating management resources on home-visit nursing care and fee-based nursing homes, customer acquisition, recruitment, management systems, nursing care fee add-ons, AI use and in-house system development, and the financial structure.
Long Life Holding has provided home-visit nursing care and fee-based nursing homes, mainly in the Kansai and Greater Tokyo areas, since its founding in 1986. The firm points to rising demand for home-visit nursing care as Japan's population ages.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.