Wellness Communications Corporation announced that it will acquire SMS’s stress-check business for the healthcare and welfare sectors. Through a newly established company, it will incorporate SMS’s customer base and operational expertise in the healthcare and nursing-care industries and expand into EAP and corporate health management support in these sectors.
Wellness Communications Corporation has entered into a share transfer agreement for a newly established company that will assume the stress-check outsourcing service operated by SMS, and will acquire the target business. The business provides stress-check services specialising in the healthcare and nursing-care industries, primarily serving medical institutions and nursing-care providers.
As a market backdrop, the stress-check market is expected to grow ahead of the full implementation of the amended Industrial Safety and Health Act, with the market in the healthcare and welfare sectors expected to approximately double from fiscal 2025 to fiscal 2030. Data from white papers and other sources indicates that demand in these sectors is expected to increase structurally.
The target business’s strengths include a cumulative track record of approximately 1.7 million stress checks in the healthcare and nursing-care sectors, health-risk analysis using benchmarks for medical institutions, and flexible testing options using paper, the web, or both. The company plans to strengthen the use of an integrated analysis platform centred on Growbase Mentally by leveraging its long-standing customer base and operational expertise.
Going forward, the company plans to expand from industry-specific stress-check services into EAP services and management, human-resources and corporate health management support in the healthcare and welfare sectors, helping companies and organisations address issues in these fields.