{"id":1334,"date":"2020-03-11T17:48:17","date_gmt":"2020-03-11T08:48:17","guid":{"rendered":"https:\/\/news.sktelecom.com\/en\/?p=1334"},"modified":"2024-06-21T17:51:33","modified_gmt":"2024-06-21T08:51:33","slug":"sk-telecom-establishes-digital-healthcare-joint-venture-named-invites-healthcare","status":"publish","type":"post","link":"https:\/\/news.sktelecom.com\/en\/1334","title":{"rendered":"SK Telecom Establishes Digital Healthcare Joint Venture Named Invites Healthcare"},"content":{"rendered":"

\u2022 Creates a joint venture with Newlake Alliance Management by spinning off its healthcare business unit<\/strong><\/p>\n

\u2022 Becomes the second largest shareholder of Invites Healthcare, which will focus on providing ICT-based services that can improve people\u2019s health and bring innovations to medical institutions<\/strong><\/p>\n

\"\"<\/p>\n

SK Telecom (NYSE:SKM) today announced that it established a digital healthcare joint venture named Invites Healthcare with Newlake Alliance Management, a Korean private equity firm.<\/p>\n

With the aim to facilitate the growth of healthcare business by leveraging its advanced ICT, SK Telecom created Invites Healthcare by spinning off its healthcare business unit and joining hands with partners with extensive experience in the field.<\/p>\n

Newlake Alliance Management became the largest shareholder of Invites Healthcare. SCL Healthcare, a healthcare company in Korea, is also scheduled to participate in the joint venture.<\/p>\n

Once SCL Healthcare\u2019s participation is completed, Invites Healthcare will be valued at around KRW 100 billion. SK Telecom will become the second largest shareholder with a 43.4% stake. Invites Healthcare has appointed Kim Joon-yun, who served as Vice President and Head of Healthcare\/IVD Unit of SK Telecom, as its Chief Executive Officer.<\/p>\n

Invites Healthcare will carry out diverse business activities in both domestic and overseas markets aimed at improving people\u2019s health and realizing innovations for medical institutions through the use of cutting-edge ICT.<\/p>\n

Invites Healthcare will develop ICT-based chronic disease management services to help people with chronic illnesses \u2013 e.g. cardiovascular diseases, respiratory illnesses, brain diseases, etc. \u2013 better manage their conditions. In this context, it will also take over and operate \u2018Coach-coach Diabetes\u2019Coach-coach Diabetes enables diabetic patients to self-manage their blood sugar level, diet and exercises, and allows physicians to monitor patient data in real time.<\/small><\/span>, a digital diabetes management platform\/app developed by SK Telecom.<\/p>\n

Moreover, Invites Healthcare plans to promote smart solutions business to realize ICT-driven innovations at medical institutions including hospitals. For instance, it will launch Smart MRO (Maintenance, Repair and Operation) business to boost hospitals\u2019 operational efficiency by helping with their purchasing and management of medical supplies. It will also develop ground-breaking cloud-based solutions powered by SK Telecom\u2019s quantum cryptography and blockchain technologies to enable medical institutions to securely store and efficiently analyze vast amount of medical data.<\/p>\n

Furthermore, Invites Healthcare plans to seek opportunities in the overseas healthcare markets through partnerships and collaborations. It will start by taking over SK Telecom\u2019s global healthcare partnerships in the Middle East and Asia.<\/p>\n

\u201cAs a digital healthcare company, Invites Healthcare will promote diverse business opportunities by applying state-of-the-art ICT to medical fields,\u201d said Kim Joon-yun, CEO of Invites Healthcare. \u201cUltimately, Invites Healthcare will offer a wide variety of digital healthcare services that can help people protect their health and lead innovations in the digital healthcare ecosystem.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 Creates a joint venture with Newlake Alliance Management by spinning off its healthcare business unit \u2022 Becomes the second largest shareholder of Invites Healthcare, which will focus on providing ICT-based services that can improve people\u2019s health and bring innovations<\/p>\n","protected":false},"author":3,"featured_media":1335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[338,336,337],"class_list":["post-1334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-digital-healthcare","tag-healthcare","tag-invites-healthcare"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/posts\/1334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/comments?post=1334"}],"version-history":[{"count":1,"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/posts\/1334\/revisions"}],"predecessor-version":[{"id":1337,"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/posts\/1334\/revisions\/1337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/media\/1335"}],"wp:attachment":[{"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/media?parent=1334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/categories?post=1334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.sktelecom.com\/en\/wp-json\/wp\/v2\/tags?post=1334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}