PITTSBURGH, July 3 /PRNewswire/ -- MED3OOO Group, Inc. (MED3OOO), a national leader in healthcare management and technology products and services for providers and employers, has entered into a partnership arrangement with Mitsui & Co. (USA), Inc., a wholly owned subsidiary of Mitsui & Co., Ltd. (Mitsui). The agreement with Mitsui will provide MED3OOO with opportunities to expand its vision of being a global "premier strategic operations partner" for those involved in the delivery and financing of healthcare. With this business arrangement, Mitsui will gain a minority ownership position in MED3OOO. In addition, both companies will develop an executive exchange program in order to share information, develop global healthcare strategies to improve the health of populations, and make additional investments within and outside the United States for expanding product and service offerings.
"We believe there is great potential for MED3OOO and Mitsui to develop significant footprints in the global healthcare market place," said Bunji Shinoda, Divisional Operating Officer, Mitsui & Co. (USA), Inc., Consumer Service and Business Development Division. "This is an excellent investment and knowledge sharing opportunity in which both companies can expand product and service offerings, focusing mutual efforts on improving the health and quality of life for the populations we serve."
"MED3OOO has made significant investments in providing advanced
products and services focused on improvement in the quality and cost of
healthcare in the United States," said Patrick V. Hampson, Chairman and CEO
of MED3OOO. "Our partnership with Mitsui combines MED3OOO's experience in
healthcare technologies and services with the global reach of Mitsui in
countries that may benefit from our ability to improve healthcare delivery.
MED3OOO and Mitsui share a unique culture in our desire, not only to expand
our mutual businesses, but to do so in a manner that is focused on
|SOURCE MED3OOO Group, Inc.|
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