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IPO Profile: Care Twentyone.

Asia Africa Intelligence Wire

| September 30, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Jiji)

Osaka, Sept. 30 (Jiji Press)--Nursing care service provider Care Twentyone Corp. will debut on the Osaka Securities Exchange's Nippon New Market Hercules for startups on Oct. 16.

Osaka-based Care Twentyone was set up in 1993 as a cram school operator, but switched to the nursing care business in 1999.

Focusing solely on at-home nursing care services, the company is actively opening new branches in major cities, with the aim of boosting the number of branches to 330 in 2010 from the current 37.

It is targeting sales of 100 billion yen in 2010.

The company plans to earmark the proceeds from …

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