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PHC Group Releases Newly Revised Mid-Term Plan, the "Value Creation Plan," Outlining Changes for FY2025 to Accelerate Growth by Advancing Value-Based HealthcarePHC Holdings Corporation (headquarters: Minato-ku, Tokyo, Japan, President & CEO: Shoji Miyazaki, hereafter PHC Group) announces the release of its newly revised Mid-term Plan, the "Value Creation Plan"*1 for FY2022 to FY2025. The primary update in this plan is the introduction of new business growth areas that will enable PHC Group to advance value-based healthcare globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221115005183/en/ PHC Group's Growth Areas (Graphic: Business Wire) Our Value Creation Strategy Focuses on Realizing "Value-Based Healthcare" Since the original Mid-term Plan was released in June 2021, PHC Group has initiated new commercial partnerships, expanded investments in our core business domains and completed its listing on the Tokyo Stock Exchange's First Section (current Prime market) in October 2021. At the same time, increasing healthcare costs and disparities in access to healthcare, caused by issues like geographic location and income, continue to be critical challenges around the world. In light of these challenges, PHC Group has updated its global business strategy to focus on contributing to "Value-Based Healthcare," a healthcare delivery model that seeks to maximize healthcare outcomes for patients based on their individual needs, which can lead to better care as well as improved cost-effectiveness. Specifically, PHC Group will seek to strengthen its three core business domains while leveraging synergies among those businesses to target three new growth areas: Strategy on Foundation (Core Business Domains)
Strategy for Growth
Revised Financial Targets Through this Value Creation Plan, PHC Group is targeting 420 bn/JPY in revenue and 56 bn/JPY in operating profit:
With this combination of foundational business and new growth areas, PHC Group's newly revised Value Creation Plan will help the company advance its corporate mission of "contributing to the health of society through our diligent efforts to create healthcare solutions that have a positive impact and improve the lives of people."
*1 Website on our "Value Creation Plan": www.phchd.com/global/about/vcp
About PHC Holdings Corporation (PHC Group)
PHC Holdings Corporation (TOKYO Prime 6523) is a global healthcare company with a mission of contributing to the health of society through healthcare solutions that have a positive impact and improve the lives of people. Its subsidiaries include PHC Corporation, Ascensia Diabetes Care Holdings AG, Epredia Holdings Ltd., and LSI Medience Corporation. Together, these companies develop, manufacture, sell and service solutions across diabetes management, healthcare solutions, diagnostics and life sciences. PHC Group's consolidated net sales in FY2021 were JPY 340 billion with global distribution of products and services in more than 125 countries.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221115005183/en/ |