Nippon Telegraph and Telephone: NTT and Genesis Healthcare enter into capital and commercial partnership

Tokyo – August 8, 2022 – NTT Corporation (NTT) and Genesis Healthcare Co. (Genesis Healthcare) have entered into a strategic business partnership, with NTT acquiring shares in Genesis Healthcare1.

NTT, a recognized leader in IT infrastructure and services, aims to become the engine of Smart Healthcare in Japan. The partnership with Genesis Healthcare will accelerate the acquisition, analysis, use and distribution of medical and healthcare data, including genetic data.

Committed to making a meaningful impact on people’s lives, the partnership between NTT and Genesis Healthcare will leverage the two companies’ vast knowledge and expertise in technology, genomic science and data to build a healthy society that respects humanity and mutual diversity, where everyone can access personally optimized precision healthcare.

Together, NTT and Genesis Healthcare will combine their respective expertise and collaborate in the following areas:

Promotion of joint research using genetic data:

Genetic data is increasingly used in R&D to improve healthcare and medical care, including drug development and the elucidation of disease risks. The two companies will promote joint research and development based on genetic data, health checkups, life diaries and other data held by the companies, focusing on more than one million Japanese people. By providing statistical data to third-party research institutes, the two companies will help advance healthcare and medical care to realize precision medicine and services.

Collaboration in genetic testing and analysis:

Using its expertise in genetic data analysis, Genesis Healthcare will work with NTT to create a society where individuals can receive optimal care based on their data. Genesis Healthcare will provide genetic testing and other genomics-related services, including health maintenance, understanding disease risks, health counseling and lifestyle modification.

Establishment of a joint steering committee:

To keep pace with the rapid evolution of technologies and social norms, a joint steering committee will be created to stimulate synergies between companies and create specific policies and measures to promote cooperation on ethical, legal and social issues. .

1NTT entered into a share purchase agreement with existing shareholders of Genesis Healthcare on August 8, 2022 to acquire 41,269 shares of Genesis Healthcare (representing 19.3% of the total number of issued shares). NTT will appoint a non-executive director to the board of directors of Genesis Healthcare.

Introducing NTT

①Name

Japanese Telegraph and Telephone Company

②Address

1-5-1 Otemachi, Chiyoda-ku, Tokyo

③Representative

Akira Shimada, President and CEO

④Company description

Formulation of management strategies for the entire NTT Group and promotion of fundamental R&D

⑤Capital

937.95 billion yen

⑥ Workbench

April 1985

Genesis Healthcare Overview

①Name

Genesis Healthcare Co.

②Address

Yebisu Garden Place Tower 26F, 4-20-3 Ebisu, Shibuya-ku, Tokyo

③Representative

David Baran, President and Co-Founder

④Company description

Genetic testing and research

⑤Capital

100 million yen

⑥ Workbench

March 2004

About NTT

NTT believes in solving social problems through our business operations by applying technology for good. We help our clients accelerate their growth and innovate for current and new business models. Our services include digital business consulting, technology and managed services for cybersecurity, applications, workplace, cloud, data centers and networks, all backed by our deep industry expertise and innovation. As one of the top 5 global technology and business solution providers, our diverse teams operate in more than 80 countries and regions and provide services to more than 190 of them. We serve more than 80% of Fortune Global 100 companies and thousands of other customers and communities around the world. For more information about NTT, visit www.global.ntt/. NTT and its partners are committed to contributing to a better society and progress through digitization and DX. In the healthcare and medical sectors, our goal is to achieve intelligent healthcare, supporting the well-being of society through the promotion of DX in healthcare and medical as well as in supporting the advancement of data-driven healthcare solutions.

About Genesis Healthcare

A Japanese leader in genetic testing and research, Genesis Healthcare has been providing services to medical institutions, businesses and individuals since 2004 to benefit from personalized healthcare and precision medicine. Through its patented AI-based prediction models, Genesis Healthcare provides advanced genetic testing services, from prevention to diagnosis. More recently, Genesis Healthcare launched Japan’s first at-home whole genome sequencing test, covering over 6,500 items.

https://genesis-healthcare.jp/
https://www.genelife.jp/

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