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MBK Partners acquires Japanese senior care provider

MBK Partners, a private equity firm focused on investments in North Asia, has acquired Unimat Retirement Community Co, a Japan-based provider of elderly care services, in a deal worth over $300 million, according to a report by Reuters.

MBK Partners, a private equity firm focused on investments in North Asia, has acquired Unimat Retirement Community Co (URC), a Japan-based provider of elderly care services, in a deal worth over $300 million, according to a report by Reuters.

In a release announcing the deal, Seoul-based MBK described URC as the ‘market leader’ in the short stay (up to 30 days) care business. The Tokyo-based company also offers daytime elderly care services.

MBK is no stranger to Japan’s elderly care sector having acquired the country’s largest daytime care service company Tsukui in 2021 for over $350 million in equity. MBK is now expected to combine the business to improve ‘operational efficiency’.
 

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