Business
Sumitomo Corporation Acquires Full Ownership of U.S.-based ActivStyle, Provider of Home Medical Supplies for Patients with Chronic Conditions
Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, through its Group company, Sumitomo Corporation of Americas (collectively "Sumitomo Corporation Group"), acquired ActivStyle, LLC (hereinafter "ActivStyle"), a U.S. provider of home medical supplies for patients with chronic conditions, in May 2025. Prior to this, in April 2025, Sumitomo Corporation increased its stake in Vast Medical Holdings, the parent compan
About this update from Sumitomo Corporation
[{"type":"text","content":"Second investment in the U.S. healthcare market – expanding business foundations and pursuing synergy with Quest","length":112,"tagName":"p","attribs":{}},{"type":"text","content":"ST. PAUL, Minn., May 7, 2025 /PRNewswire/ -- Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, through its Group company, Sumitomo Corporation of Americas (collectively "Sumitomo Corporation Group"), acquired ActivStyle, LLC (hereinafter "ActivStyle"), a U.S. provider of home medical supplies for patients with chronic conditions, in May 2025. Prior to this, in April 2025, Sumitomo Corporation increased its stake in Vast Medical Holdings, the parent company of Quest, a provider of home medical equipment, supplies and services for people with diabetes. Moving forward, Sumitomo Corporation Group will pursue business synergy through cross-selling of products and services between ActivStyle and Quest.","length":816,"tagName":"p"},{"type":"image","alt":"ActivStyle Business Model","displaySize":"","headline":null,"caption":"ActivStyle Business Model","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":200,"url":"https://media.zenfs.com/en/prnewswire.com/5e65e52d36b842548272d6a6ac301ff8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yT1f1n3hsjfmTvhO5qMADw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5e65e52d36b842548272d6a6ac301ff8","width":400,"height":200}},"href":"https://mma.prnewswire.com/media/2679546/Sumitomo_Corporation_of_Americas__ActivStyle_Business_Model.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Chronic conditions, including diabetes, have become a growing social issue in the United States. Incontinence, a chronic condition requiring long-term care, affects more than 25 million people in the U.S. – approximately 8 percent of the population – and this number is increasing by 2–5 percent annually. As incontinence is a common complication of diabetes, patient numbers are expected to rise in line with an aging population and increasing chronic disease rates.","length":467,"tagName":"p"},{"type":"text","content":"ActivStyle serves as a key intermediary connecting patients, healthcare providers, medical supply manufacturers and ins...