Sumitomo Corporation Acquires Full Ownership of U.S.-Based ActivStyle to Expand Healthcare Market Presence
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Sumitomo Corporation has acquired full ownership of U.S.-based ActivStyle, a provider of home medical supplies, to enhance its presence in the healthcare market. This acquisition, completed in May 2025, is part of Sumitomo's strategy to expand its healthcare business and create synergies with Quest. The company aims to invest $700 million in the U.S. healthcare sector by 2030, targeting a profit of $70 million. The knowledge gained will also benefit its operations in Japan and Southeast Asia.
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