M3 rises for third straight day on subsidiary acquisition of Wiseman for healthcare and welfare systems

M3, Inc. <2413> shares extended their gains on Monday, rising for a third consecutive session. Following Friday's close, the company announced it will acquire Wiseman, a Morioka-based developer and vendor of systems for nursing care, welfare facilities, and medical institutions, making it a subsidiary on July 1, fueling buying interest. M3 will leverage Wiseman's customer base and its own digital marketing expertise to drive sales of both companies' services. The acquisition price was not disclosed. The impact on earnings is currently under review.

Source: MINKABU PRESS

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