Saint-Care Holding Corporation completed the acquisition of Millennia Corporation from Hiromi Shigei.
December 30, 2017
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Saint-Care Holding Corporation (TSE:2374) agreed to acquire Millenia Corporation from Hiromi Shigei for ¥13 million on April 14, 2017. The share transfer agreement is expected to be signed on June 1, 2017. Under the terms of the transaction, Saint-Care Holding Corporation will acquire 200 shares of Millenia Corporation. Post-acquisition, Millenia Corporation will operate as a subsidiary of Saint-Care Holding Corporation. For the year ended December 31, 2016, Millenia Corporation reported total revenues of ¥467.98 million, total assets of ¥317.73 million, operating income of ¥34.07 million, net income of ¥28.89 million, net liabilities of ¥76.01 million. As of April 14, 2017, Board of Saint-Care Holding Corporation resolved the transaction. The transaction is expected to close on June 1, 2017. The transaction include advisory expense of ¥1.8 million.
Saint-Care Holding Corporation (TSE:2374) completed the acquisition of Millennia Corporation from Hiromi Shigei in 2017.
SAINT-CARE HOLDING CORPORATION is a Japan-based company engaged in nursing-care services. The Nursing-care Service segment provides visiting care service, home-visit bathing service, in-home long-term care management, home visit nursing, sales and rental of social welfare equipment, daily-life group care for the elderly with dementia, day care, short-stay daily-life care service, small-scale and multifunction type in-home care, regular visiting & as-needed handling type visiting care and home visit nursing, small-scale and multifunction type in-home care with home visit nursing, daily-life care service in specified facilities and home renovation service. The Company is also engaged in employment transition support business for disabled people, outsourcing business such as production of printed matters, the sale of nursing care insurance application service provider (ASP) systems, shared service business, personnel dispatch business and the sale of care robots.