BOE A2.5 billion acquisition of private hospitals to enter the medical industry

BOE A18 announced on the evening of the evening that the company will formally enter the health care field by acquiring a private hospital in Beijing and creating a BOE medical platform.

Specifically, BOE intends to invest RMB 250 million to acquire all the shares of Mingde Investment held by Chunhua (Tianjin) Equity Investment Partnership (Limited Partnership) and Wang Xueqing, and the core operating entity of Mingde Investment is Beijing Mingde Hospital Co., Ltd. .

According to the data, Beijing Mingde Hospital was established in March 2012 according to JCI medical standards. It is an international high-end general hospital with more than 30 clinical departments and research centers. It is one of the largest high-end integrated private hospitals in Beijing, 60%. The patients provided a variety of special price medical packages for foreigners in Beijing, and signed outpatient, hospital direct payment, and third-party payment agreements with 109 insurance companies at home and abroad. Financially, the net assets of Mingde Investment are 146 million yuan, with an estimated value of 252 million yuan and a transaction price of 250 million yuan. The company said that the equity acquisition funds are all derived from the company's own funds.

In addition to the hospital itself, BOE also plans to use Mingde Investment as an investment development platform for its health care business to ensure the implementation of follow-up projects. After the change, Mingde Investment will become the new BOE Healthcare Investment Management Co., Ltd., and the company will gradually increase its registered capital to RMB 3 billion.

For this transaction, BOE said that by purchasing existing hospitals, it can quickly enter the medical field and play the role of “building a platform, gathering resources, and testing models” to promote the company's health care strategy.

In addition, BOE also announced that the company has signed a strategic memorandum with the US medical institution DIGNITY to set up a medical industry base in China, build a cutting-edge digital hospital and R&D center, and carry out five aspects: hospital operation, personnel training, technology introduction, telemedicine and resource sharing. Cooperation.

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