MedPeer,Inc. cancelled the acquisition of 84.8% stake in COOKPAD Diet Lab from Cookpad Inc..
September 25, 2017
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MedPeer,Inc. (TSE:6095) agreed to acquire 84.8% stake in COOKPAD Diet Lab from Cookpad Inc. (TSE:2193) for approximately ¥230 million on September 26, 2016. Under the terms of transaction, MedPeer,Inc. shall purchase 3,589 shares of COOKPAD Diet Lab. As on December 31, 2015, COOKPAD Diet Lab Inc. recorded net asset of ¥0, total asset of ¥91 million, sales of ¥175 million, and operating loss of ¥73 million. The Board of MedPeer,Inc. passed a resolution on the transaction on September 26, 2016. The transaction is expected to close on October 1, 2016.
MedPeer,Inc. (TSE:6095) cancelled the acquisition of 84.8% stake in COOKPAD Diet Lab from Cookpad Inc. (TSE:2193) on September 26, 2017.
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. 
