North Pacific Bank has begun efforts to lead industry consolidation in Hokkaido centered on long-term care, bringing a business in Obihiro City under a holding company. As a first step, it is establishing a co-investment structure with a major local company through a fund, and plans to group multiple companies and provide hands-on support, including the sharing of expertise.
North Pacific Bank has announced plans to lead industry consolidation centered on long-term care in Hokkaido and has brought a business in Obihiro City under a holding company. The move is positioned as part of a restructuring effort aimed at preserving essential services for local communities.
At the end of June, North Pacific Bank established the Hokkaido Mother Fund, an investment fund aimed at resolving industry challenges through consolidation. The fund is expected to adopt a framework involving joint investment with a core company in each industry.
Going forward, the bank plans to group multiple companies and provide hands-on support, including sharing management and facility-operation expertise. Efforts to promote consolidation in the region’s long-term-care sector are expected to advance.