Winner Medical Acquires Majority Stake in Pingan Medical to Fuel Growth

SHENZHEN, China, June 1, 2022 /PRNewswire/ — Winner Medical Co. Ltd. (300888.SZ “Winner Professional medical” and “the Corporation”), a major company of disposable wound care and surgical goods, announced on May possibly 18 that it will acquire a vast majority 65.55% stake in Hunan Pingan Health-related Gadget Technology Co. Ltd. (“Pingan Health care”) for 652 million yuan (US$97.3 million), as the Organization carries on to expand its disposable health-related source lineup.

Upon the completion of the deal, Winner Health-related is set to hold a full of 68.7% stake in Pingan Health care for a overall of 752 million yuan (US$112.3 million).

The Company’s move comes as it seems to make a foray into the subject of injection products to diversify its product offerings apart from consumer products, and will come in line with its approach to deliver just one-prevent disposable health-related source methods.

Established in 2010, Pingan Healthcare primarily makes disposable clinical units, these as syringes, infusion sets, and blood selection tubes between other clinical supplies. In 2021, Pingan Healthcare recorded 360 million yuan (US$53.7 million) in profits and booked a net gain of 85 million yuan (US$12.7 million).

The acquisition will leverage both of those companies’ strengths and assist fill the item hole in injection-similar disposables of Winner Medical, enabling it to increase into new health-related verticals and achieve its purpose of turning out to be a key provider for the domestic sector.

Specially, the Enterprise ideas to roll out clinical sets that comprise needle-style solutions from Pingan Health-related and wound treatment provides from Winner Clinical, supplying a single-prevent tailored solutions for hospitals and significant professional medical facilities.

In the meantime, Winner Health-related will assist Pingan Medical with its marketplace-major R&D capabilities to acquire healthcare product remedies and build smart production vegetation.

To gasoline the progress primarily based on the new offer, Winner Medical has signed an investment decision be aware with the local federal government of Li County in Hunan Province, where by Pingan Healthcare is headquartered, to establish healthcare products manufacturing lines, wise warehousing, and R&D amenities.

The hottest offer follows Winner Medical’s April-11 acquisition of wound dressing maker Zhejiang Longterm Health care Technological know-how Co. Ltd. (“Longterm Professional medical”) as element of its expansion approach to continue to be competitive in the region of higher-conclusion wound dressings. The Business has also established up a committed crew to market its self-created wound dressing merchandise as the market for this sort of professional medical provides is nevertheless in its infancy in China.

Started in 1991, Winner Healthcare has manufactured attempts to offer you good quality cotton-based mostly medical dressings and disposables, and will proceed to press forward with its technique to diversify its solution lineup and strengthen intake. On the production front, the Organization aims to develop to new medical verticals via acquisitions, when on the consumption entrance, it programs to enhance item income by way of digitization and progressively phasing out less well known solutions.

As these, the Enterprise has created important development in digitizing its operations. Winner Healthcare has long gone dwell on many e-commerce platforms, and has absent electronic in phrases of online and offline warehousing and order management.

For more facts, make sure you take a look at: https://www.winnermedical.com/

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