Recovery International

What Recovery International does

Recovery International Co., Ltd. operates one of Japan's largest networks of home-visit nursing stations, with 38 stations nationwide as of April 2026, headquartered in Shinjuku, Tokyo. Founded in November 2013 by Okawara Shun (a nurse), the company delivers professional home-visit nursing, rehabilitation (physical, occupational, and speech-language therapy), and self-funded massage services to elderly and disabled patients under Japan's national long-term care insurance (介護保険) system. Patient acquisition is primarily referral-driven through care managers (ケアマネジャー), who serve as gatekeepers in the long-term care insurance system; the company reports 94% satisfaction among approximately 1,800 surveyed care managers in 2025. Beyond the core clinical services, the company operates NurseState (ナーステート), a web media platform targeting nurses, and has stated a proprietary "visiting nursing × SaaS combined business model" that uses a proprietary technology platform to address industry challenges and improve operational efficiency across its station network.

The company's revenue model is built on Japan's national health insurance reimbursement schedule (診療報酬), with service fees set by government fee schedules that change periodically — most recently with the June 2026 revision. The company is publicly traded on the Tokyo Stock Exchange Growth Market (ticker 9214) following its February 2022 IPO on TSE Mothers. As of December 2025, the company had 341 employees including part-time and temporary staff, and is led by President & Representative Director Shibata Junya (a Certified Public Accountant), who succeeded the founder in March 2024. The company also operates a subsidiary, RePath Co., Ltd. (established December 2024). Geographic reach spans the Kanto, Kansai, Shikoku, and Okinawa regions of Japan. It has received sustained external recognition, including four consecutive years (2023-2026) in the Financial Times/Statista High-Growth Companies Asia-Pacific rankings, and #1 in Japan's Health Care & Life Sciences sector in 2026.

Employee engagement is a stated strategic priority: the company reports an engagement score of 3.85/5 in 2024 (3.83 in 2025), meeting world-class benchmarks, and a 100% male paternity leave acquisition rate. Multiple regional offices have been consolidated (Amagasaki into Nishinomiya effective January 2025; Okinawa Chubu into Recovery Okinawa Naha) and others renamed (Higashikurume to Kumegawa effective July 2026) as part of ongoing operational restructuring. The company uses a mix of earned media (Newsweek Japan, Weekly Toyo Keizai, Yomiuri Online), its corporate website, the NurseState content platform, and industry events for marketing and employer branding.

Name

Recovery International

Legal name

Recovery International株式会社

Website

https://recovery-group.co.jp

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Recovery International operates 38 home-visit nursing stations across Japan, providing professional nursing, rehabilitation, and self-funded massage services to elderly and disabled patients. Listed on the TSE Growth Market (ticker 9214), it generates revenue primarily through Japan's national health insurance reimbursement.

Ownership category

akta.pro rank

Product category

Home Healthcare Services

NAICS

Home Health Care Services (62161)

SIC

Services-Home Health Care Services (8082)

akta.pro primary industry

Post-Acute & Transitional 24/7 In-Home Care (Hospital/SNF Discharge) (HSABAHAF)

akta.pro secondary industry

Private Duty 24/7 Nursing (RN/LPN) In-Home Care (HSABAHAJ)

Keywords

• Home nursing services
• Home rehabilitation
• Visiting nursing stations
• Nurse recruitment media
• Elderly home care

Headquarters

HQ city

Nishi

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. National Health Insurance Reimbursement (診療報酬): The company's primary revenue stream is reimbursement from Japan's national health insurance system for visiting nursing services. Services are priced under Japan's medical fee schedule (診療報酬点数表), with rates subject to periodic revision (e.g., the June 2026 revision). This is a universal reimbursement model for all licensed visiting nursing stations in Japan.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Recovery International Co., Ltd. operates home-visit nursing stations across Japan, providing in-home medical care, rehabilitation, and end-of-life nursing services to patients in their residences. The company also runs NurseState (ナーステート), a web media platform that delivers nursing-related content to nursing professionals. Services are reimbursed primarily through Japan's national health insurance and long-term care insurance systems.

Product overview

Recovery International operates a visiting nursing and rehabilitation service business across Japan, providing home-based medical care and therapy services. The company runs approximately 38 nursing stations nationwide, offering core nursing care and rehabilitation services. Additionally, the company operates 'ナーステート' (Nurse State), a web media platform targeting nurses with career and lifestyle content. The business model combines traditional healthcare services with digital media content for the nursing profession.

Differentiator

Problem solved

Functional benefit

Brands

• ナーステート (NurseState): A web media platform for nurses launched on June 14, 2019, providing information about work styles, careers, and lifestyles for nurses.

Products and services

• Home-visit nursing services Medical and personal care delivered by nurses at patients' homes, including wound care, medication management, symptom monitoring, and chronic-condition support, reimbursed under Japan's national health insurance and long-term care insurance.
• Home rehabilitation services In-home rehabilitation delivered by physical and occupational therapists to patients recovering from illness, surgery, or functional decline, provided through the company's home-visit nursing stations.
• NurseState (ナーステート) Web media platform that publishes nursing-career and clinical content targeted at nursing professionals and prospective hires in Japan.

Quantifiable outcome

• 94% satisfaction rate among care managers (survey of ~1,800 care managers in 2025; also 94% in 2024 survey of 420)
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• LHC Group: US home-health and post-acute provider acquired by Optum; comparable as a multi-state skilled nursing home-visit operator serving chronic and post-acute patients under insurance reimbursement.
• Benesse Style Care Co., Ltd. Subsidiary of Benesse providing a portfolio of senior-care services including assisted living and home-care. Operates in the same Japanese elder-care regulatory environment and competes for adjacent patient populations.
• SOMPO Care (SOMPO Holdings subsidiary): SOMPO Care operates one of Japan's largest networks of senior care services including home-visit nursing stations. It is a major peer in the same regulatory/payer environment and competes directly with Recovery International for care-manager referrals.
• Human Holdings Co., Ltd. Diversified Japanese human-services group with home-care, nursing staffing, and education businesses. Overlaps with Recovery International in the home-visit nursing and care-staffing segments.
• Encompass Health Corporation: Large US operator of inpatient rehabilitation and home-health services. Comparable to Recovery International on the rehabilitation-at-home and post-acute care dimensions, though operates a much broader facility-based portfolio as well.
• Nichii Gakkan (Nichii Holdings): One of Japan's largest care-service operators, providing home-visit nursing, day services, residential care, and education/training. Larger and broader than Recovery International but overlaps meaningfully in the home-visit nursing segment.

Emerging players

• Amedisys, Inc. US-based home-health and hospice provider operating multi-state visiting-nurse networks under Medicare reimbursement. Functionally analogous business model (skilled nursing visits in patients' homes, insurance-reimbursed) to Recovery International's Japan operations.

Direct peers

• Tsukui Holdings: TSE-listed operator of a large network of home-care and visiting-nursing stations across Japan. Direct competitor to Recovery International in the same home-visit nursing category, with a comparable multi-station rollout model and similar dependency on Japan's long-term care insurance reimbursement.
• Saint-Care Holding Corporation: TSE-listed operator of home-visit nursing, home-help, and residential care services across Japan. Operates in the same reimbursement framework (national health insurance + long-term care insurance) and competes for the same care-manager-driven patient referrals.
• Care21 Co., Ltd. Japan-based home-care and visiting-nursing operator running multiple stations nationwide. Closely comparable business model (visiting nursing staffing + rehab in homes) and overlapping target patient population.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/recovery0106

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Recovery International