# Nissha to acquire 60% of Vietnamese medical device maker USM Healthcare

Nissha Co., Ltd. decided to acquire 60% of shares of USM Healthcare, a Vietnamese medical device manufacturer based in Ho Chi Minh City, making it a subsidiary. The transfer is scheduled for March 2026.

- Type: Acquisition
- Announced: 2026-01-23
- Where: Ho Chi Minh City, Vietnam
- Status: announced
- Products: stents for cardiology, orthopedic devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Nissha Co., Ltd.](https://endata.com/companies/5732.md) (acquirer)
- [USM Healthcare Medical Devices Factory Joint Stock Company](https://endata.com/companies/89855.md) (target)
- [USM Healthcare Medical Devices Factory JSC](https://endata.com/companies/89882.md) (target)
- [Nissha Vietnam Co., Ltd.](https://endata.com/companies/89883.md) (partner)

## Sources

- [japanir.jp](https://japanir.jp/en/company/company-7915/ir/7915-20260123-01_wp_m_and_a_alliance/), 2026-01-23: "Through this acquisition, NISSHA will establish a business foundation for medical device manufacturing in the Asian region and aims to expand its business by linking with its existing customer bases in the United States and Japan."
- [thoibaotaichinhvietnam.vn](https://thoibaotaichinhvietnam.vn/nissha-acquires-majority-stake-in-vietnam-medical-device-maker-191302.html), 2026-01-26: "On January 23, Nissha Co., Ltd. announced its decision to acquire a 60 per cent stake in USM Healthcare Medical Devices Factory JSC."
- [vir.com.vn](https://vir.com.vn/nissha-acquires-majority-stake-in-vietnam-medical-device-maker-145508.html), 2026-01-26: "Nissha Co., Ltd. announced its decision to acquire a 60 per cent stake in USM Healthcare Medical Devices Factory JSC"
- [nihon-ma.co.jp](https://www.nihon-ma.co.jp/news/20260123_7915-40/), 2026-09-04: "NISSHA株式会社は、USM HEALTHCARE MEDICAL DEVICES FACTORY JOINT STOCK COMPANYの株式を取得し、子会社化することを決定した。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.