Nippon Life Insurance announced on 15 December that it will acquire Medical Data Vision (MDV), a medical data analytics company, for JPY56.8bn ($384m). The tender offer, priced at JPY1,693 per share-a JPY1,231 premium over the closing price on 12 December-will run from 16 December to 3 February 2026.
Facing a shrinking life insurance market due to Japan’s declining population, Nippon Life is increasingly turning to adjacent sectors such as nursing care and health support as part of its growth strategy.
The acquisition of MDV underscores the insurer’s commitment to leveraging medical data and health services to expand beyond traditional life insurance products.