Medical Data Vision Co., Ltd. cancelled the agreement to acquire Cosmex Co., Ltd from HIP Corporation.
May 22, 2018
Share
Medical Data Vision Co., Ltd. (TSE:3902) concluded a basic agreement to acquire Cosmex Co., Ltd from HIP Corporation (JASDAQ:2136) on May 22, 2017. Medical Data Vision Co., Ltd. signed the agreement to acquire Cosmex Co., Ltd from HIP Corporation for ¥400 million on June 6, 2017. As per terms, 390 shares will be acquired. For the year ended March 31, 2017, Cosmex Co., Ltd reported net assets of ¥151.7 million, total assets of ¥178.2 million, sales of ¥173.5 million, operating loss of ¥8.5 million and net loss of ¥5.8 million. A corporate resolution for the transaction is announced on May 23, 2017. The transaction is expected to close on June 7, 2017.
Medical Data Vision Co., Ltd. (TSE:3902) cancelled the agreement to acquire Cosmex Co., Ltd from HIP Corporation (JASDAQ:2136) on May 23, 2018.
Medical Data Vision Co.,Ltd. is a company engaged in the medical data network business. The Data Network Service provides management support systems for medical institutions and health insurance unions, as well as EVE, Medical Code and CADA-BOX for hospitals. The Data Utilization Service provides corporate services and personal services based on the medical and health information accumulated through the data network services, various analysis data to pharmaceutical companies, research institutes, patients and consumers. The segment provides various services, such as MDV analyzer, ADHOC research service, OTC, H&BC and insurance company services, as well as Media logs and others.