Sumitomo expands US presence with acquisition of ActivStyle

ST. PAUL, Minn. – Sumitomo Corp. has acquired ActivStyle, a U.S. provider of home medical supplies for patients with chronic conditions.  

Since launching in 1997, ActivStyle has expanded its network of insurers and health care providers, becoming a leading player in the U.S. market with services reaching more than 50,000 patients nationwide. 

"ActivStyle is a great addition to our health care family, and we look forward to leveraging the synergies between our group companies in this space," said Jeremy Yap, general manager at Sumitomo Corp. of Americas. "With the rising aging population and increasing rates of chronic illness, we see significant opportunity to grow these businesses and support those affected with the important care resources they need." 

Sumitomo entered the U.S. health care market in April 2024 by investing in Vast Medical Holdings, leveraging its expertise in home pharmaceutical services business in Japan and its managed care operations in Southeast Asia. A year later, it 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 will pursue business synergies through cross-selling of products and services between ActivStyle and Quest. 

The company also plans to pursue further investments, targeting a total investment of $360 million dollars in the U.S. health care market by 2027 and total investment of $700 million dollars and profit of $70 million dollars in the U.S. health care market by 2030. 

Related: Quest Health gets new backing.