CUC Inc. rebounds after three-day decline on acquisition of Libra, a medical support business operator in Aichi
CUC Inc. <9158> rebounded after a three-session slide. After the close on May 28, the company announced it has acquired all shares of Libra, a Kiyosu-based provider of medical institution support services, corporate daycare centers, and home nursing stations. Buying was driven by expectations of future earnings contributions.
The acquisition will add three home-visit clinics and one home nursing station to the group, expanding CUC's presence and strengthening its market dominance in Aichi Prefecture. Financial terms were not disclosed. The company said the impact on earnings is under review.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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