Ship Healthcare Holdings will launch a tender offer for Charm Care Corporation at ¥1,970 a share, valuing the shares it does not already control at up to about ¥45.5bn, the Osaka-based group said on 6 November 2026.
Why Ship Healthcare Holdings, Inc. is buying Charm Care Corporation
According to M&A Online's summary of the announcement, the companies' existing alliance, under which they share referrals and property information for developing facilities, had not produced enough value, and full ownership is intended to strengthen development capacity and generate synergies in products and services.
Deal terms and financing
The ¥1,970 price is a 36.33% premium to Charm Care's 5 November close and about 41% above its one-month average. Ship, which holds about 29.33% through STK, needs acceptances of at least 37.25% and has set no maximum. The offer is funded with own funds and a loan of up to ¥32.5bn from Sumitomo Mitsui Banking Corporation. Charm Care will be delisted after a squeeze-out.
Regulatory approvals and timing
The tender offer runs from 9 November to 21 December 2026, with settlement from 28 December. Charm Care's board has expressed support and recommends that shareholders tender.
