CHA Healthcare Operation Co., Ltd. agreed to acquire Cha Medical Service Co., Ltd. from CHA Bio&Diostech Inc. (KOSDAQ:A085660) and others in stock on November 26, 2014. The merger ratio between CHA Healthcare Operation and Cha Medical Service is 1:0.1725540. CHA Healthcare Operation will issue its 0.22 million new shares.

CHA Healthcare Operation will survive changing its name to CHA Healthcare Co., Ltd., and Cha Medical Service Co., Ltd. will be dissolved after the merger. Cha Medical Service reported total assets of KRW 3.98 billion, total liabilities of KRW 684 million and total common equity of KRW 3.3 billion as at September 30, 2014. The transaction is expected to be completed by December 28, 2014.