Navigation Links
Golden Meditech Acquires Shanghai East International Medical Centre

HONG KONG, June 28, 2011 /PRNewswire-Asia-FirstCall/ -- Golden Meditech Holdings Limited ("Golden Meditech," together with its subsidiaries collectively as the "Group," - 801.HK; 910801.TW), a leading integrated healthcare enterprise in China, is pleased to announce that the Group has reached a multi-lateral agreement to acquire 56% of Shanghai East International Medical Centre (SEIMC) with a total consideration of US$10 million (equivalent to HK$1.48 per share) in cash and shares.  

Mr. Kam Yuen, Chairman of the Group commented that the acquisition of SEIMC will facilitate the Group's penetration into the premium segment and enable the Group to leverage on SEIMC's premium clientele and brand equity and strong reputation amongst both Chinese and expatriate communities.  This, in turn, will reinforce the Group's brand presence and elevate its market position in the premium healthcare service segment, creating greater synergies within the Group's different operations, accelerating the development of the Group's hospital management business to be on par with global standards, and strengthening the Group's overall strategic position for long term growth.

As China's first foreign entity that has been granted a national hospital management license, the Group is currently managing China's leading haematology hospitals in Beijing and Shanghai under the Daopei Hospital brand name.

He reiterated the fact that building a strong brand in the hospital market is a long term commitment though once a brand has gained greater recognition, growth will come through replicating successful operations. In view of the Group advantages in capitalising opportunities the demand-driven market and on the back of China's on-going medical reform, the Group intends to further expand its hospital operations through suitable avenues.

At the same time, the Group has also entered into a separate agreement to increase its stake in the hospital management subsidiary, GM Hospital Group, by way of a share swap share swap agreement, where the Group will issue 131,756,765 new shares to New Horizon Capital, LLC ("New Horizon") at HK$1.48 per share in exchange for New Horizon's 15% stake in GM Hospital Group, increasing the Group's share holding in GM Hospital Group from 60% to 75%.  Upon the completion of the transaction, New Horizon will become a shareholder with 6.44% share of the Company.

About Golden Meditech Holdings LimitedGolden Meditech Holdings Limited is China's leading integrated-healthcare devices and service operator, and the first medical device enterprise that was publicly listed outside of the PRC on the Stock Exchange of Hong Kong Limited (HKEx) and the Taiwan Stock Exchange (TSE).  Golden Meditech is a first-mover in China, having established dominant positions in medical devices and healthcare services markets over the years, thanks to its strengths in innovation and market expertise and the ability to capture emerging market opportunities.  Going forward, the Group will continue to pursue a leading position in China's healthcare industry both through organic growth and strategic expansion.For enquiries, please contact:Investor Relations DepartmentGolden Meditech Holdings LimitedAddress:

48/F, Bank of China Tower, 1 Garden Road, Central, Hong KongTel:



SOURCE Golden Meditech Holdings Limited
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Golden Meditech to Increase Stake in NYSE-listed Affiliate -- China Cord Blood Corporation to 39.5%
2. Golden Meditech Chairman Increases Stake in Company
3. Fenwal, Golden Meditech Complete Definitive Agreement to Form Joint Venture in China
4. Golden Meditech Acquires Remaining Stake in Chinese Herbal Medicine Business
5. Golden Meditech to Form Strategic Alliance with Long Bon International
6. Golden Meditech as First Chinese Healthcare Enterprise to Obtain Approval for Taiwan Depositary Receipts Offering
7. Golden Meditech Announces Plan to Issue Taiwan Depository Receipts
8. Golden Meditech Announces Annual Results for FY 2009/10
9. Pinnacle Oncology LLC Acquires Rights to Unique Radioprotector From the University of Chicago
10. Water Street Healthcare Partners Acquires MarketLab, Inc.
11. PD-Rx Pharmaceuticals Acquires Wilson Medicals EMR
Post Your Comments:
(Date:6/24/2016)... June 24, 2016 ... announced the addition of the " Global Markets ... This report focuses ... an updated review, including its applications in various applications. ... market, which includes three main industries: pharmaceutical and biotechnology, ...
(Date:6/24/2016)... -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM ... sells medical devices and wearable sleep respiratory products in ... agreement with Hongyuan Supply Chain Management Co., Ltd. (hereinafter ... 2016, to develop Dehaier,s new Internet medical technology business. ... leverage Hongyuan Supply Chain,s sales platform to reach Dehaier,s ...
(Date:6/24/2016)... PUNE, India , June 24, 2016 ... "Pen Needles Market by Type (Standard Pen Needles, Safety ... 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase ... published by MarketsandMarkets, This report studies the market for ... is expected to reach USD 2.81 Billion by 2021 ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... ... of Bruton Memorial Library on June 21 due to a possible lice infestation, as reported ... head lice: the parasite’s ability to live away from a human host, and to infest ... in the event that lice have simply gotten out of control. , As lice are ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. ... from injury. Recently, he has implemented orthobiologic procedures as a method for treating ... one of the first doctors to perform the treatment. Orthobiologics are substances that ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events ... turn to unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. ... tools for healthy coping following a traumatic event. , Trauma sufferers tend to feel ...
(Date:6/24/2016)... ... , ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys ... peers for this recognition are considered among the top 2 percent of lawyers practicing ... members of this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening ... Talker Award, an essay contest in which patients and their families pay tribute to ... at the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this ...
Breaking Medicine News(10 mins):