Trouble at Comsn; Who’s to buy their operations?

June 17, 2007
By Ken Worsley

Although the topic of embattled nursing care operator Comsn has come up during the Bizcast Japan podcast, I haven’t blogged it here yet. In part, the story is so profoundly complicated and fascinating that it goes far beyond what a blog post, or even a series of them, could get into. So, for those who are interested in the ongoing scandal, I recommend checking out what Shin Fukushige has written about Comsn on his blog.

With tomorrow being Monday, we’re bound to see some new news on Comsn and who might actually acquire part (or all) of their operations. Yesterday, the Nikkei had this to report:

Drugstore chain operator Welcia Kanto Co. and nursing care facility operator Wisnet Co. will jointly throw their hat into the ring to buy all the nursing care operations owned by the embattled Goodwill Group Inc.

Early next week, the two firms will make an offer to Goodwill via a financial institution. The only other suitor willing to take over all the nursing care operations so far is leading care provider Nichii Gakkan Co.

Surely it would be easier to sell all of Comsn’s operations to a single firm. We’ll have to wait just a bit longer to find out if that will be what actually happens…

Filed Under Business, Japan, White Collar Crime