Demand for Online Doctors Creates $39 Billion Titan in Japan
- M3 shares almost doubled this year, creating new billionaire
- Sales have surged, with inquiries skyrocketing amid Covid-19
Photographer: Yoshiyoshi Hirokawa/Digital Vision via Getty Images
This article is for subscribers only.
Two decades ago, Itaru Tanimura ended a 12-year run at McKinsey & Co. to lead M3 Inc., an online provider of medical information and services backed by entertainment giant Sony Corp.
What followed was a flurry of acquisitions that turned the Tokyo-based company into a $39 billion global behemoth. M3 now has about 40 subsidiaries and affiliates, including MDLinx Inc. in the U.S. and Britain’s Doctors.net.uk Ltd.