Itochu’s unit Century Medical Inc. will assume sales, delivery, inventory management, and other logistics functions for SunMed products, including closed suction catheters, in Japan starting early July 2026 [1]. SunMed Group Holdings, the U.S.-based medical equipment company, has operated in Japan under the AirLife brand since rebranding in 2023 [2, 1].
SunMed has struggled to stay profitable in Japan due to a weak yen and inflationary pressures affecting the healthcare sector [2, 1]. Approximately 80% of public healthcare institutions in Japan reported losses during fiscal 2024, highlighting systemic financial challenges in the market [1]. The transaction will not involve any capital movement between the parties [1].
Itochu declined to comment on the deal, while an AirLife spokesperson confirmed the takeover without additional details [1]. Japan’s major trading houses, including Itochu, are expanding their focus on healthcare as a key pillar alongside traditional sectors like oil, gas, and metals [1]. For example, Mitsui & Co. is the largest shareholder in IHH Healthcare, which operates hospitals across Asia, and Mitsubishi acquired a minority stake in Singapore-based Fullerton Health last year [1].
The takeover is expected to finalize as soon as early July 2026, when Century Medical will officially take over AirLife’s sales and logistics operations in Japan [1].