Navigation Links
Golden Meditech Acquires Shanghai East International Medical Centre
Date:6/28/2011

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:

+852-3605-8180Fax:

+852-3605-8181Email:

ir@goldenmeditech.com
'/>"/>

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:
*Name:
*Comment:
*Email:
(Date:6/24/2016)...   Pulmatrix, Inc ., (NASDAQ: PULM ... announced today that it was added to the Russell ... comprehensive set of U.S. and global equity indexes on ... milestone for Pulmatrix," said Chief Executive Officer Robert ... progress in developing drugs for crucial unmet medical needs, ...
(Date:6/23/2016)... Any dentist who has made an implant supported ... Many of them do not even offer this as a ... laboratory costs involved. And those who ARE able to offer ... high cost that the majority of today,s patients would not ... Zadeh , founder of Dental Evolutions Inc. and inventor of ...
(Date:6/23/2016)... 23, 2016 Capricor Therapeutics, ... a biotechnology company focused on the discovery, development ... patient enrollment in its ongoing randomized HOPE-Duchenne clinical ... 50% of its 24-patient target. Capricor expects the ... quarter of 2016, and to report top line ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... ... issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the ... several important health care topics including advance care planning, healthcare costs and patient ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe ... from the David Geffen School of Medicine at UCLA. He trained in Internal Medicine ... his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the ...
(Date:6/24/2016)... ... ... Those who have experienced traumatic events may suffer from a complex set of ... or alcohol abuse, as a coping mechanism. To avoid this pain and suffering, Serenity ... event. , Trauma sufferers tend to feel a range of emotions, from depression, guilt, ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience with ... Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is a ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty Network, ... M. Weintraub as a prominent plastic surgeon and the network’s newest partner. ... the most handsome men, look naturally attractive. Plastic surgery should be invisible.” He ...
Breaking Medicine News(10 mins):