Healthcare & Welfare M&A｜Care Business Succession & Sale

Business 03

Mergers and Acquisitions with ON

Not an M&A that takes, but an M&A that gives. What is inherited is passed on, more beautifully, to the next. ONGROUP is a hands-on team of professionals that restarts welfare businesses across Japan through "renovation × production."

That is the aesthetic of ON M&A.

M&A Platform — ON M&A →

Turnaround & Asset Restructuring

Business Structure

ONGROUP's M&A involves and stays close to the operator from the deal-sourcing stage onward. Incorporating intermediary, FA, and advisory functions, we design the scheme according to the shareholder structure, financial condition, and business stage — a hands-on player that protects the operator's very life.

Share transfer

We take on management rights and immediately inject the group's credit, financing capacity, and talent.

Business transfer

We carve out only the necessary business, shutting off off-balance-sheet liabilities while preserving employment and users.

Business alliance

A capital-free alliance that rebuilds the operating structure while leaving the current management's independence intact.

Turnaround

We station ourselves on-site, hands-on, and achieve a V-shaped recovery through on-the-ground improvement.

Management advisory

We fuse operational know-how with infrastructure to rebuild the profit structure.

A deal does not end with scheme selection. Targeting providers nationwide with no successor, we identify risks through financial, legal, and labor due diligence. After succession, we station ourselves in the integration process, achieving improved capital efficiency and faster investment recovery under the new owner — and, rather than presuming a sale alone, we take consistent charge through to the rebuilding of business value. This hands-on capability is supported by the management insight of a founder who has established 29 companies as a serial entrepreneur.

Track Record

M&A deals closed (2026)

This figure is the number of M&A deals our group has been involved in closing. As some deals are non-disclosed under confidentiality agreements, the published figure represents only part of the actual total. Per our own research (internal management basis, as of October 2026).

Message from the Representative

I became a manager from the welfare field. From age 20, for ten years, I walked through every kind of welfare and medical site — geriatric health facilities, special nursing homes, group homes, and hospitals — and founded my first company at 30. Since then, as a serial entrepreneur, I have started businesses and experienced, in my own body, both success and the pain of losing a business.

That is exactly why our M&A is not for the sake of taking. We understand, more than anyone, how heavy the decision to let go of a business is for an operator — and how much the livelihoods of the employees and the daily lives of the users depend on what comes next. Because we understand this, we hold fast to an "M&A that protects" and an "M&A that weaves on."

M&A is not something completed as a transaction on the books. What is inherited is the philosophy of the field, and the heart of each and every employee who holds a high ideal. That is why we comply with the SME M&A Guidelines (3rd Edition), and pledge transparent, fair, and sincere support to every client.

Kenichiro Iwao — Founder & Group Chairman, ONGROUP, Inc.

Declaration

ONGROUP, Inc. hereby declares that it complies with the "SME M&A Guidelines (3rd Edition)" (August 2024) established by the Small and Medium Enterprise Agency of Japan. In accordance with the Guidelines, we implement the measures and responses set out below. The full declaration comprises 42 items across the following categories:

1–6Measures to ensure and improve the quality of our support.

7–23Concrete conduct guidelines across the M&A process — decision-making, conclusion of the intermediary / FA contract, valuation, selection of the acquirer (matching), negotiation, due diligence, negotiation and conclusion of the final agreement, and closing.

24Measures to exclude, to the greatest extent possible, inappropriate acquirers.

25–33Considerations regarding intermediary / FA contract clauses — exclusivity clauses, restrictions on direct negotiation, and tail clauses.

34–41Realistic measures against the risk of conflicts of interest for intermediaries.

42Final and supplementary provisions.

The full text of all 42 items is published, in full, in the Japanese version of this page.

Mergers & Acquisitions

Business Structure

Track Record

M&A & business-succession inquiries.