Ship Healthcare Holdings has launched a tender offer to make Charm Care Corporation a wholly owned subsidiary. The offer price is ¥1,970 per share, with the total purchase price amounting to up to ¥45.5 billion. The tender offer will run through 21 December.
Ship Healthcare Holdings has launched a tender offer for Charm Care Corporation, which operates fee-based homes for seniors with nursing care, to make it a wholly owned subsidiary. The offer price is ¥1,970 per share, and the total purchase price is expected to be up to approximately ¥45.5 billion.
Following the acquisition, Ship plans to combine its network of medical institutions and real estate information with Charm's expertise in facility development and operations to promote the opening of new homes in Japan. The companies will also cooperate in proposing placements for patients discharged from hospitals, strengthening medical partnerships, and recruiting and training care workers in Japan and overseas.
Charm will maintain its current management and operating structure, while decisions on the management structure will be made at a later date. The tender offer will run through 21 December, and Charm's shares are expected to be delisted after the offer is completed.