SK Telecom Establishes Digital Healthcare Company 'Inbaites Healthcare'

Healthcare Division Spins Off to Launch Joint Venture with New Lake Alliance

Junyeon Kim, CEO of Invites Healthcare

[Asia Economy Reporter Seulgina Cho] SK Telecom announced on the 11th that it has partnered with New Lake Alliance to establish a digital healthcare specialized company, 'Invites Healthcare.' The company plans to build a chronic disease management platform for individuals using ICT technology, develop smart solutions for medical institutions, and expand into the global market.

To this end, SK Telecom spun off its related business unit and partnered with experienced players in the healthcare industry. New Lake Alliance, a private equity firm with extensive investment experience in the domestic healthcare sector, has joined as the major shareholder. SCL Healthcare Group, which operates Hanaro Medical Foundation and Seoul Medical Science Institute, will also participate.

Once the participation of other scheduled shareholders is completed, Invites Healthcare's corporate value is expected to reach 100 billion KRW. SK Telecom will secure a 43.4% stake, becoming the second-largest shareholder. Kim Jun-yeon, who previously served as the head of the healthcare unit at SK Telecom, was appointed as CEO.

Going forward, Invites Healthcare plans to launch a comprehensive personal health management platform to assist in managing various chronic diseases such as cardiovascular, respiratory, and brain diseases within the year, starting with operating SK Telecom's diabetes management platform, 'CoachCoach Diabetes.'

Additionally, the company is preparing to release smart solutions that support operational innovation in various medical institutions, including hospitals, based on ICT technology, such as a smart MRO business that helps with the purchase and management of medical supplies. They are also developing a cloud solution exclusively for medical institutions to securely store and efficiently analyze vast amounts of medical data using SK Telecom's quantum cryptography communication and blockchain technologies, leading ICT innovation in medical institutions.

Furthermore, Invites Healthcare is pursuing global market expansion by collaborating with a Chinese medical platform operator with approximately 170 million members to launch chronic disease management services locally in the third quarter of this year.

CEO Kim Jun-yeon stated, “We will leverage SK Telecom's advanced ICT capabilities in the medical field to promote various businesses. Ultimately, we aim to lead innovation in the healthcare industry by enhancing individual health and driving innovation in medical institutions.”

This content was produced with the assistance of AI translation services.