One-billion-dollar medical device market | Great mergers and acquisitions took place

Medical Network May 11th May 7th, A shares listed company Furui shares (full name 'Inner Mongolia Furui Medical Technology Co., Ltd.') and the new three board listed companies Youde medical (full name 'Henan Youde medical equipment shares limited The company's) announced that both parties had signed the M&A Intent Agreement, which was transferred from Furui Shares to a 58.69% stake in Yude Medical.

Youde Medical's main products cover a number of rehabilitation medical systems, including rehabilitation assessment, physiotherapy, occupational therapy, rehabilitation equipment, rehabilitation care, etc., and are mainly aimed at the rehabilitation departments of hospitals for medical equipment needs, and extended to the home field. In 2017, Youde Medical realized operating income of 184 million yuan, net profit of 52.953 million yuan attributable to the mother, and gross profit of the company reached 59.78%.

Furui shares are mainly engaged in the field of liver diseases. drug , Production and sales of diagnostic instruments. In 2017, Furui shares realized revenue of 850 million yuan.

According to the announcement, the initial valuation of Youde Medical was RMB 1.6 billion, which means that Furui shares will use approximately RMB 940 million in cash for a 58.69% stake in Youde Medical and become its controlling shareholder.

The previous business areas of Furui shares and Youde Medical are not very cooperative. Market analysis believes that the acquisition of Youde Medical by Furui Shares aims at diversification. The current market value of Youde Medical is approximately RMB 720 million, which is given by Furui Shares. The preliminary valuation of RMB 1.6 billion was obviously high, and the fancy should be that the former is recovering. medical instruments Layout and R&D investment, and gross profit margin continued to increase.

Driven by factors such as the ageing of the population, the rehabilitation equipment industry is not only a part of the Chaoyang industry as a medical device, but it can be said to be a 'sunrise industry in Chaoyang'.

In recent years, the state has continuously introduced various policies to boost the development of rehabilitation medical devices.

In October 2016, the State Council issued the "State Council's Several Opinions on Accelerating the Development of the Rehabilitation Auxiliary Appliance Industry." The Guozi No. Document has endorsed the development of the rehabilitation aid industry including rehabilitation medical devices.

The document proposes that by 2020, the scale of rehabilitation aids industry will exceed 700 billion yuan, and a group of well-known independent brands and advantageous industrial clusters will emerge. The market share in high-end and high-end markets will increase significantly.

In September last year, the Ministry of Civil Affairs again issued two documents, the "Circular on Launching a Pilot Project for Comprehensive Innovation of the National Rehabilitation Aid Weapon Industry" and the "Notice on Printing and Distributing the List of Policies and Measures to Support the Comprehensive Innovation of the National Rehabilitation Aid Apparatus Industry".

There are also more rehabilitation programs that are covered by Medicare reimbursement.

In addition, this round of medical reforms explicitly encourages the transformation of some public hospitals into rehabilitation hospitals, encourages public hospitals to set up rehabilitation departments, and encourages social forces to build rehabilitation medical institutions.

It is understood that there are currently only 6 transitional rehabilitation hospitals in the secondary hospitals in Shanghai, with a total of 2,400 new beds. There are also many secondary hospitals in transition rehabilitation hospitals in Beijing, and tertiary hospitals will all have rehabilitation units. Community hospitals also have To strengthen the rehabilitation capacity building.

Participation in social forces. As early as 2012, Peking University Medical and United Sequoia Capital Construction Peking University Medical Rehabilitation Hospital; Vanke established Vanke Rehabilitation Hospital in Guangzhou; Taikang Life Insurance invested in Taikang Yanyuan Rehabilitation Hospital; Listed companies such as Hunan Development, Australia Ocean Technology, He Jia shares, etc., through the cooperation with the health system, jointly established a new rehabilitation hospital.

Rehabilitation medical device industry ushered in the highest level in history, the most participation, the most extensive geographical support.

The data shows that the scale of China’s rehabilitation market reached 50.2 billion yuan in 2016. The industry information network predicts that by 2023, the scale of China’s rehabilitation medical industry is expected to exceed 100 billion yuan. There are also data that the market scale of rehabilitation medical devices can be achieved by 2020. 100 billion yuan.

This is a field of blue ocean medical equipment with a huge demand and huge market potential.

The industry and foreign companies have accelerated the layout of the rehabilitation industry

Since 2015, many domestic listed or listed companies have accelerated the investment in the layout of rehabilitation equipment industry, including both within the rehabilitation equipment circle. enterprise There are also new entrants.

In December 2017, Changzhou Qianyu Rehabilitation Co., Ltd., a professional manufacturer of rehabilitation equipment products, updated the prospectus on the website of the China Securities Regulatory Commission, and opened the way to land on the A-shares. It plans to raise 340 million yuan, mainly for the industrialization of rehabilitation equipment. The project's four fundraising projects.

In March 2016, Nanjing Weisi Medical, which specializes in rehabilitation medical equipment such as postpartum rehabilitation, mental rehabilitation, and neurological rehabilitation, is listed on the New Third Board and enters the capital market. It needs to grow by leaps and bounds in the form of investment or mergers and acquisitions. Rehabilitation products complement each other in the rehabilitation medical device business line, while extending longitudinally to the downstream of the industrial chain to explore business models for rehabilitation medical services.

Diving Healthcare, as the leader in the home medical device market, regards rehabilitation aid as an important business branch.

Dongfulong passed a plan to share rehabilitation equipment products with shares of New Third Board's listed company, Nuocheng, and provided the first brain rehabilitation medical equipment products for stroke patients in Shanghai. hospital Conduct clinical trials.

Over the past two years, Jiangsu Aoyang Science and Technology accelerated its expansion, while establishing rehabilitation hospitals, while negotiating cooperation with a number of hospitals, jointly building rehabilitation departments, and building diversified pension rehabilitation, including rehabilitation programs for intensive care units. Health care Rehabilitation.

In March 2017, Beijing Chengyitong announced the acquisition of Guangzhou Longzhijie Technology Co., Ltd. for RMB512 million. The latter has been committed to innovative research and development in pain recovery, orthopaedic rehabilitation, neurological rehabilitation and mobile health care.