MedPeer,Inc. agreed to acquire Cloud Clinic Co., Ltd. from Fumiko Kawashima for approximately ¥400 million.
May 11, 2022
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MedPeer,Inc. (TSE:6095) agreed to acquire Cloud Clinic Co., Ltd. from Fumiko Kawashima for approximately ¥400 million on May 12, 2022. Under the terms, consideration will be paid in cash and common shares, for the cash ¥330 million will be paid and the for the shares, 21.35 per share will be given. Transaction is expected to close on July 1, 2022. For the year ended June 2021, Cloud Clinic had ¥46 million of Total Assets, ¥91 million of sales, ¥10 million of operating profit, ¥10 million of net income and net assets of ¥6 million.
MedPeer, Inc. provides social service MedPeer to doctors. The Company mainly operates two business segments. The Doctor Platform business operates the MedPeer site, which is a knowledge management tool that shares raw information from physicians at medical clinics, and a place where all the doctors nationwide gather together is established on the Internet. The Healthcare Solutions business utilizes expert networks such as doctors and administrative nutritionists to develop services targeting health promotion and prevention areas.
MEDPEER,INC. 
