Mitsubishi Corporation and Sinopharm Group Establish Medical Sup

Mitsubishi Corporation and Sinopharm Group Establish Medical Supplies Joint
Venture in Shanghai 
Tokyo, Nov 14, 2013 - (JCN Newswire) -  Mitsubishi Corporation (MC) and
Sinopharm Group Co., Ltd. (Sinopharm Group), China's largest
pharmaceutical distributor and wholesaler, are pleased to announce the
establishment of Sinopharm MC Hospital Services Co., Ltd., a Joint Venture
Company set up in Shanghai for the distribution of medical supplies to the
Chinese market. 
Deal marks the third investment partnership between MC and Sinopharm Group
MC and Sinopharm Group signed a comprehensive strategic alliance in 2009,
following which the alliance acquired two pharmaceutical wholesalers in
Beijing. The combination of MC's expertise in medical supplies
distribution in Japan with Sinopharm Group's well-established foundation
in China lays a strong foundation for taking advantage of the rapidly growing
Chinese healthcare market. 
Further rapid growth expected in the Chinese medical supplies market
Medical supplies have seen remarkable growth within the Chinese healthcare
market in recent years. As medical technology continues to advance and as the
number of patients continues to increase, so will the consumption of medical
supplies, leading to the further expansion of China's medical supplies
sector. However, a complex distribution network of second and third-tier
pharmaceutical distributors, said to be 100 times more than Japan's,
coupled with inefficient management systems for the distribution of medical
supplies, has led to increases in the cost of medical treatment. Recognizing
the need to address these and other issues, the Chinese government has begun
undertaking a number of reforms in an effort to improve China's rapidly
advancing health care system. 
Japan's largest medical supplies company 
MC Healthcare Co., Ltd (MCH), an MC subsidiary, is the largest medical
supplies company in Japan. MCH provides management services related to supply,
purchase, delivery and ordering (Supply Processing and Distribution: SPD), and
leverages its know-how in cost reduction to service approximately 200 client
hospitals across Japan. 
Drawing on the expertise gained from its Japan operations over the years to
install SPD solutions in China, MC aims to make a contribution to the provision
of safer and more efficient hospital services. More effective distribution
services, the provision of cost-effective medical equipment and improved
effectiveness in hospital management are all expected to make a positive
contribution to overall healthcare reform in China. 
Targeting comprehensive expansion in the healthcare business in China
MC has been partnering with Sinopharm Group and Medipal Holdings Corporation
(MEDIPAL), Japan's largest pharmaceutical wholesaler, for several years
with the aim of becoming a well-positioned pharmaceutical wholesaler in Beijing
and a reputable medical supplies distributor in Shanghai through the provision
of top class SPD services. Establishing a presence in the market through the
development, sales, and export of medical supplies and equipment in these
regions will ultimately allow MC to achieve further expansion in the health
care business across China as a whole. 
Contact: 
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111 
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