Notice Concerning Integration of Consolidated Subsidiaries of Healthcare Business along with Change in Corporate name

November 7, 2019
CMIC HOLDINGS Co., Ltd.

CMIC HOLDINGS Co., Ltd. (hereafter referred to as ”CMIC”) hereby announces that, as detailed by the “Notice Concerning Direction for Integration of Consolidated Subsidiaries along with Change in Corporate name” issued on August 30, 2019, CMIC resolved to reorganize the Healthcare business and integrate its wholly-owned subsidiaries Site Support Institute Co., Ltd. (hereinafter referred to as “SSI”) and CMIC Healthcare Co., Ltd. (hereinafter referred to as “CMIC Healthcare”) on January 1, 2020, along with the new corporate name of the surviving company.

1．Purpose of Integration and Overview
Coping with the changes in the business environment, CMIC Group has included “Creation of healthcare business” as one of the key focuses in our Mid-term management plan for fiscal year 2019-2021 set in November 2018. We are promoting our supporting services to help medical institutions, patients and general consumers on medical services provided, as well as maintenance and promotion of better health.
As a pioneer in the SMO industry, SSI supports pharmaceutical drug development through the network of 2,300 medical institutions nationwide. Meanwhile, CMIC Healthcare runs a medical call center and provides medication adherence support services. In addition, CMIC Healthcare also focuses its effort in commercializing new healthcare business such as providing “SelCheck” as a self-checkup service contributing to early discovery and prevention of disease worsening, operating “harmo” electronic prescription record service, and running joint research programs on healthcare IoT devices.
Through this integration, we anticipate the fusion of various information and know-how accumulated at SSI via its SMO business, as well as the disease prevention, health information and IT technology in the hands of CMIC Healthcare, which would lead us to further acceleration in CMIC Group’s healthcare business.

2．Overview of the New Company