CHA Bio Group (CHA Cares, CHA AI Healthcare) acquires 43% of Kakao Healthcare for KRW 80bn
- Deal value
- $55m
- Stake
- 43%
- Implied 100%
- $128m
- Revenue
- $8m
- Op. income
- -$24m
- Multiples
- PSR 15.6x
Deal value ÷ stake (structure unconfirmed)
2024 별도 · DART-verified
2024 별도 · DART-verified
On implied equity value
DART 20250404003259
- Target
- Kakao Healthcare · Digital healthcare
- Buyer
- CHA Bio Group (CHA Cares, CHA AI Healthcare) · SI
- Seller
- Kakao Corp.
- Structure
- —
- Announced
- Nov 19, 2025
- Closed
- Dec 23, 2025
- Stage
- Closed
Target
Kakao's healthcare subsidiary launched in December 2021, operating the AI-based mobile glucose management app PASTA, a medical data business and the hospital concierge service CareChat (Hankyung, Dailypharm).
Deal rationale
CHA Bio Group said it would combine its global medical network with Kakao Healthcare's AI and data-driven digital health capabilities to become a 'smart healthcare group' (Hankyung, Dailypharm). The deal comprises a KRW 70bn share purchase and a KRW 10bn rights-offering subscription by CHA Cares and CHA AI Healthcare; Kakao reinvests KRW 40bn into Kakao Healthcare's rights offering and KRW 30bn into CHA Biotech shares in a cross-shareholding. Post-deal ownership: CHA 43.08%, Kakao 29.99%, external investors 26.93% (Dailypharm). IB Tomato and others reported widening losses and a failed external funding round as background to the sale.
| Revenue | $8m |
| Operating income | -$24m |
| EBITDA | — |
| Net income | — |
2024 별도 · DART-verified · 20250404003259
Press coverage
- 한국경제 (2025-11-19): “카카오가 100% 보유하고 있던 카카오헬스케어 지분은 차케어스·차AI헬스케어 43%, 카카오 30%, IMM인베스트먼트 등 외부 투자자 27%로 재편될 예정이다.”
- KED Global (2025-11-20): “has agreed to acquire control of Kakao Healthcare Corp. in a deal worth 80 billion won ($54.5 million)”
- 딜사이트 (2025-12-24): “구주 매매대금 납부를 완료하고 거래를 최종 종결했다고 24일 밝혔다.”
- 데일리팜 (2025-11-19): “차케어스·차AI헬스케어 43.08%, 카카오 29.99%, 외부 투자자 26.93%”
- IB토마토 (2026): “카카오헬스 품었지만…CB·영업권 부담 ‘먼저’”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.