Medical System Network Co., Ltd. (TSE:4350) agreed to acquire Apotec Co., Ltd. from 14 individuals and other shareholder for ¥2.1 billion on December 15, 2017. Medical System Network Co., Ltd. will acquire 0.27 million shares from 14 individuals and 0.01 million class shares from other shareholder. The tentative share transfer agreement conclusion date is December 19, 2017. Medical System Network Co., Ltd. will operate Apotec Co., Ltd. as wholly owned subsidiary. For the year ended May 2017, Apotec Co., Ltd reported net assets of ¥750 million, total assets of ¥2 billion, sales of ¥3.2 billion, operating profit of ¥176 million. Board of Directors of Medical System Network Co., Ltd. made a resolution in favor of the transaction on December 15, 2017. The transaction is expected to be effective on January 11, 2018. The advisory expenses were ¥163 million. Medical System Network Co., Ltd. (TSE:4350) cancelled the acquisition of Apotec Co., Ltd. from 14 individuals and other shareholder on December 15, 2018.