Under the terms of the agreement, Omron Healthcare will offer Colin Medical’s (CMT) medical devices, which are developed for healthcare professionals, as part of its own product line of home healthcare products.
Omron hopes the move will create a new market by connecting medical workplaces and patient homes, citing figures that suggest the global market volume for healthcare devices for home use will grow from 113.5bn yen in FYE 2004 to 150bn yen in FYE 2011.
Omron predicted a shift within the medical market from treatment to prevention, said Hisao Sakuta, CEO of Omron. To respond to this change, we spun off the healthcare business in 2003 and accelerated our business goals and began exploring partnership opportunities.
Omron expects its acquisition of CMT to accelerate its growth and increase profit, aiming at 75bn yen in sales and more than 15% growth in sales’ profit in FYE 2008.
