Business deals
Purchase of Japan Well-being from MBK aimed at efficiency via AI, consolidation
Japan’s government is encouraging more consolidation in the nursing care industry. (Advent International)
RYUTA MINAMIHATA and HINAKO BANNO
TOKYO — U.S.-based private equity firm Advent International plans to acquire major nursing care provider Japan Well-being from Asian private equity firm MBK Partners, aiming to add efficiency through artificial intelligence and consolidation.